Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in Travel + Leisure Co. (NYSE:TNL) by 168.3% in the third quarter, Holdings Channel reports. The firm owned 16,550 shares of the company’s stock after buying an additional 10,382 shares during the period. Sanctuary Advisors LLC’s holdings in Travel + Leisure were worth $763,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC raised its stake in Travel + Leisure by 440.7% in the second quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock valued at $27,624,000 after buying an additional 500,554 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Travel + Leisure by 318.4% in the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock valued at $18,217,000 after purchasing an additional 308,391 shares during the last quarter. Algert Global LLC boosted its stake in Travel + Leisure by 168.9% in the 3rd quarter. Algert Global LLC now owns 319,279 shares of the company’s stock worth $14,712,000 after purchasing an additional 200,549 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Travel + Leisure during the 2nd quarter worth approximately $7,480,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after purchasing an additional 138,153 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

NYSE:TNL opened at $50.55 on Tuesday. The company has a 50 day moving average price of $51.80 and a 200-day moving average price of $47.00. Travel + Leisure Co. has a 1-year low of $37.99 and a 1-year high of $56.91. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm posted $1.54 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.96%. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Analysts Set New Price Targets

TNL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Barclays boosted their price target on Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group lifted their target price on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Truist Financial increased their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Tigress Financial lifted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and an average price target of $58.50.

Insider Buying and Selling at Travel + Leisure

In other news, insider Geoffrey Richards sold 4,607 shares of Travel + Leisure stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total value of $249,929.75. Following the sale, the insider now owns 120,602 shares in the company, valued at $6,542,658.50. This trade represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the transaction, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. This represents a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,016 shares of company stock valued at $4,846,863. Company insiders own 4.02% of the company’s stock.

About Travel + Leisure

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.