Travel + Leisure Co. $TNL Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in shares of Travel + Leisure Co. (NYSE:TNL) by 194.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,492 shares of the company’s stock after acquiring an additional 22,780 shares during the period. Corient Private Wealth LLC’s holdings in Travel + Leisure were worth $2,433,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Travel + Leisure in the 4th quarter valued at about $62,162,000. AQR Capital Management LLC increased its position in Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after purchasing an additional 855,151 shares in the last quarter. Gotham Asset Management LLC raised its holdings in Travel + Leisure by 139.2% in the fourth quarter. Gotham Asset Management LLC now owns 631,336 shares of the company’s stock valued at $44,528,000 after buying an additional 367,356 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Travel + Leisure by 68.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 885,105 shares of the company’s stock valued at $62,427,000 after buying an additional 359,186 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in Travel + Leisure by 124.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 567,478 shares of the company’s stock valued at $40,024,000 after buying an additional 314,481 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Trading Up 0.0%

Travel + Leisure stock opened at $78.05 on Monday. Travel + Leisure Co. has a 52 week low of $50.92 and a 52 week high of $81.00. The stock has a market cap of $4.87 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 0.60 and a beta of 1.17. The stock has a 50 day moving average of $69.45 and a 200-day moving average of $71.24.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $954.80 million. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The business’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 earnings per share. As a group, equities analysts predict that Travel + Leisure Co. will post 7.47 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is currently 67.42%.

Insider Buying and Selling

In other news, Director Denny Marie Post sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the completion of the sale, the director owned 1,977 shares of the company’s stock, valued at approximately $126,191.91. The trade was a 55.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Erik D. Hoag purchased 1,000 shares of Travel + Leisure stock in a transaction dated Thursday, April 23rd. The shares were bought at an average cost of $65.67 per share, for a total transaction of $65,670.00. Following the transaction, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at approximately $65,670. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 53,074 shares of company stock worth $3,907,122. 4.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

TNL has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Monday, June 1st. Morgan Stanley decreased their price target on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Finally, Barclays lowered their price target on Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Travel + Leisure has an average rating of “Moderate Buy” and a consensus price target of $85.40.

Travel + Leisure Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.