Cwm LLC Has $250,000 Position in Travel + Leisure Co. (NYSE:TNL)

Cwm LLC increased its stake in Travel + Leisure Co. (NYSE:TNL) by 216.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,400 shares of the company’s stock after purchasing an additional 4,375 shares during the quarter. Cwm LLC’s holdings in Travel + Leisure were worth $250,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TNL. AQR Capital Management LLC lifted its holdings in shares of Travel + Leisure by 34.7% during the third quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock worth $63,830,000 after buying an additional 447,938 shares during the last quarter. Vanguard Group Inc. grew its position in Travel + Leisure by 3.2% in the third quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company’s stock valued at $376,691,000 after acquiring an additional 322,624 shares during the period. Hsbc Holdings PLC grew its position in Travel + Leisure by 747.6% in the third quarter. Hsbc Holdings PLC now owns 159,662 shares of the company’s stock valued at $5,864,000 after acquiring an additional 140,826 shares during the period. Landscape Capital Management L.L.C. bought a new stake in Travel + Leisure in the third quarter valued at $2,661,000. Finally, Stifel Financial Corp grew its position in Travel + Leisure by 55.5% in the third quarter. Stifel Financial Corp now owns 164,295 shares of the company’s stock valued at $6,035,000 after acquiring an additional 58,629 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider James J. Savina sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $45.18, for a total value of $677,700.00. Following the completion of the sale, the insider now directly owns 15,860 shares of the company’s stock, valued at $716,554.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider James J. Savina sold 15,000 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $45.18, for a total transaction of $677,700.00. Following the completion of the sale, the insider now directly owns 15,860 shares of the company’s stock, valued at approximately $716,554.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kimberly Marshall sold 4,953 shares of Travel + Leisure stock in a transaction that occurred on Sunday, March 10th. The stock was sold at an average price of $45.24, for a total value of $224,073.72. Following the sale, the insider now directly owns 54,657 shares of the company’s stock, valued at $2,472,682.68. The disclosure for this sale can be found here. Insiders sold a total of 28,922 shares of company stock valued at $1,318,358 over the last three months. Insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Up 0.5 %

TNL stock opened at $44.72 on Friday. Travel + Leisure Co. has a twelve month low of $32.10 and a twelve month high of $49.02. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 2.45 and a beta of 1.63. The business has a 50 day moving average price of $45.73 and a two-hundred day moving average price of $40.85.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The company had revenue of $916.00 million during the quarter, compared to analysts’ expectations of $904.54 million. During the same period last year, the firm posted $0.89 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Travel + Leisure Co. will post 5.52 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.47%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.45. The ex-dividend date was Wednesday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

Analysts Set New Price Targets

A number of brokerages have weighed in on TNL. Barclays upped their price target on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. JMP Securities began coverage on Travel + Leisure in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price objective on the stock. Truist Financial upped their price target on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Mizuho initiated coverage on Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.83.

Travel + Leisure Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.