Vanguard Group Inc. Purchases 466,640 Shares of Travel + Leisure Co. (NYSE:TNL)

Vanguard Group Inc. boosted its stake in Travel + Leisure Co. (NYSE:TNL) by 4.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,722,330 shares of the company’s stock after buying an additional 466,640 shares during the period. Vanguard Group Inc. owned 0.15% of Travel + Leisure worth $419,136,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in Travel + Leisure by 34.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock valued at $63,830,000 after buying an additional 447,938 shares in the last quarter. Norges Bank acquired a new stake in Travel + Leisure in the 4th quarter valued at $34,967,000. Charles Schwab Investment Management Inc. boosted its stake in Travel + Leisure by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 520,094 shares of the company’s stock valued at $20,330,000 after buying an additional 9,921 shares in the last quarter. Advisors Capital Management LLC boosted its stake in Travel + Leisure by 3.0% in the 3rd quarter. Advisors Capital Management LLC now owns 412,172 shares of the company’s stock valued at $15,139,000 after buying an additional 11,910 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in Travel + Leisure by 87.9% in the 4th quarter. Retirement Systems of Alabama now owns 281,799 shares of the company’s stock valued at $11,016,000 after buying an additional 131,796 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TNL. Truist Financial boosted their price objective on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Barclays boosted their price objective on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 25th. Finally, Mizuho began coverage on Travel + Leisure in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.83.

Travel + Leisure Stock Down 1.4 %

Shares of TNL opened at $44.02 on Thursday. Travel + Leisure Co. has a 12-month low of $32.10 and a 12-month high of $49.02. The firm has a market capitalization of $3.14 billion, a PE ratio of 8.11, a price-to-earnings-growth ratio of 2.50 and a beta of 1.63. The stock’s fifty day simple moving average is $44.59 and its 200-day simple moving average is $43.32.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts anticipate that Travel + Leisure Co. will post 5.53 EPS for the current year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Friday, June 14th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

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.