2 weeks Ago By ABMN Staff
Legal & General Group Plc decreased its position in shares of Travel + Leisure Co. ( NYSE:TNL – Free Report ) by 7.2% during the 4th quarter, Holdings Channel reports.
The institutional investor owned 108,639 shares of the company’s stock after selling 8,400 shares during the quarter. Legal & General Group Plc’s holdings in Travel + Leisure were worth $5,481,000 at the end of the most recent quarter. A number of other hedge funds have also recently bought and sold shares of the company.
Invesco Ltd. lifted its stake in shares of Travel + Leisure by 4.8% during the fourth quarter.
Invesco Ltd. now owns 3,544,548 shares of the company’s stock valued at $178,822,000 after acquiring an additional 163,804 shares during the period. Ranmore Fund Management Ltd bought a new stake in Travel + Leisure during the 4th quarter worth about $1,784,000.
Cerity Partners LLC lifted its position in Travel + Leisure by 1.0% during the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock valued at $986,000 after purchasing an additional 200 shares during the period.
Federated Hermes Inc. boosted its stake in shares of Travel + Leisure by 21.0% in the 4th quarter.
Federated Hermes Inc. now owns 9,432 shares of the company’s stock valued at $476,000 after purchasing an additional 1,637 shares during the last quarter. Finally, Aristides Capital LLC grew its position in shares of Travel + Leisure by 21.
3% during the 4th quarter. Aristides Capital LLC now owns 6,268 shares of the company’s stock worth $316,000 after buying an additional 1,100 shares during the period. 87.
54% of the stock is currently owned by institutional investors. Insider Buying and Selling In other news, insider Michael Dean Brown purchased 2,000 shares of Travel + Leisure stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $46.
66 per share, with a total value of $93,320.00. Following the transaction, the insider now directly owns 408,706 shares in the company, valued at $19,070,221.
96. The trade was a 0.49 % increase in their position.
The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link . Also, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.
80, for a total transaction of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares in the company, valued at $129,121.
20. This trade represents a 69.66 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Company insiders own 4.02% of the company’s stock.
Travel + Leisure Price Performance Travel + Leisure ( NYSE:TNL – Get Free Report ) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.
68 by $0.04. The firm had revenue of $971.
00 million for the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a net margin of 10.
63% and a negative return on equity of 45.75%. The business’s quarterly revenue was up 3.
9% on a year-over-year basis. During the same period last year, the company posted $1.98 EPS.
Equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.56 dividend.
This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.
24 annualized dividend and a yield of 5.41%. The ex-dividend date was Monday, March 17th.
Travel + Leisure’s payout ratio is currently 38.36%. Wall Street Analyst Weigh In Several equities analysts recently weighed in on TNL shares.
Tigress Financial increased their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 6th.
Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th.
Truist Financial lifted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th.
The Goldman Sachs Group cut their target price on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th.
Finally, Morgan Stanley assumed coverage on Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 target price on the stock.
One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.20.
View Our Latest Stock Analysis on TNL Travel + Leisure Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding TNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travel + Leisure Co. ( NYSE:TNL – Free Report ).
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