Vanguard Personalized Indexing Management LLC Buys 1,657 Shares of Travel + Leisure Co. (NYSE:TNL)

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 23.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 8,768 shares of the company’s stock after acquiring an additional 1,657 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Travel + Leisure were worth $384,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. State of Michigan Retirement System raised its stake in shares of Travel + Leisure by 2.3% during the first quarter. State of Michigan Retirement System now owns 17,807 shares of the company’s stock valued at $872,000 after acquiring an additional 400 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Travel + Leisure by 2.5% during the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock valued at $810,000 after acquiring an additional 432 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Travel + Leisure by 1.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company’s stock valued at $1,668,000 after acquiring an additional 445 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Travel + Leisure during the second quarter valued at $27,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after acquiring an additional 607 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Insider Activity

In other news, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director George Herrera sold 2,193 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TNL shares. Truist Financial dropped their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Tigress Financial lifted their target price on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Barclays downgraded shares of Travel + Leisure from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $46.00 to $40.00 in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $54.33.

Travel + Leisure Trading Up 1.4 %

NYSE:TNL opened at $46.59 on Friday. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.58, a PEG ratio of 0.63 and a beta of 1.62. The firm has a fifty day simple moving average of $43.67 and a two-hundred day simple moving average of $44.72. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.91.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $985.00 million during the quarter, compared to analysts’ expectations of $987.20 million. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. Equities analysts predict that Travel + Leisure Co. will post 5.67 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, September 13th. Travel + Leisure’s dividend payout ratio is currently 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.