Travel + Leisure Co. (NYSE:TNL) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its position in Travel + Leisure Co. (NYSE:TNL) by 334.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 764 shares of the company’s stock after acquiring an additional 588 shares during the period. SRS Capital Advisors Inc.’s holdings in Travel + Leisure were worth $30,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP boosted its holdings in Travel + Leisure by 147.5% in the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after purchasing an additional 416 shares in the last quarter. GAMMA Investing LLC purchased a new position in Travel + Leisure in the fourth quarter worth $36,000. Arlington Trust Co LLC acquired a new stake in Travel + Leisure in the fourth quarter valued at $53,000. Quent Capital LLC boosted its position in shares of Travel + Leisure by 23.6% during the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock worth $57,000 after purchasing an additional 278 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Travel + Leisure by 42.8% in the 3rd quarter. Fifth Third Bancorp now owns 2,033 shares of the company’s stock valued at $75,000 after purchasing an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analysts Set New Price Targets

TNL has been the topic of several recent analyst reports. Mizuho assumed coverage on shares of Travel + Leisure in a research report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price on the stock. Truist Financial raised their price target on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Barclays boosted their price objective on shares of Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Finally, JMP Securities started coverage on shares of Travel + Leisure in a research note on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus price target of $54.83.

Travel + Leisure Stock Up 0.4 %

Shares of NYSE:TNL opened at $44.70 on Monday. The company has a market capitalization of $3.19 billion, a P/E ratio of 8.23, a P/E/G ratio of 2.51 and a beta of 1.63. Travel + Leisure Co. has a 52-week low of $32.10 and a 52-week high of $49.02. The stock’s fifty day simple moving average is $45.72 and its 200-day simple moving average is $41.01.

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

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Wednesday, March 20th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.45. Travel + Leisure’s dividend payout ratio is currently 36.83%.

Insider Activity

In related news, Director George Herrera sold 2,969 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $45.33, for a total value of $134,584.77. Following the sale, the director now directly owns 2,193 shares of the company’s stock, valued at $99,408.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director George Herrera sold 2,969 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the sale, the director now owns 2,193 shares in the company, valued at approximately $99,408.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James J. Savina sold 6,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total transaction of $282,000.00. Following the completion of the sale, the insider now directly owns 26,442 shares of the company’s stock, valued at approximately $1,242,774. 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 quarter. Company insiders own 4.02% of the company’s stock.

Travel + Leisure Company 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.