Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc lifted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 49.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 637 shares of the company’s stock after purchasing an additional 210 shares during the quarter. Versant Capital Management Inc’s holdings in Travel + Leisure were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. UMB Bank n.a. lifted its stake in Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 526 shares during the period. Allspring Global Investments Holdings LLC raised its holdings 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 worth $28,000 after purchasing an additional 607 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Travel + Leisure in the second quarter valued at $36,000. DekaBank Deutsche Girozentrale acquired a new stake in Travel + Leisure during the 2nd quarter worth about $38,000. Finally, Brooklyn Investment Group acquired a new stake in Travel + Leisure during the 3rd quarter worth about $43,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TNL. Barclays upped their target price on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group upped their price objective on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Truist Financial boosted their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Tigress Financial upped their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $59.50.

Insider Activity

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

Travel + Leisure Trading Down 0.8 %

TNL opened at $50.81 on Wednesday. Travel + Leisure Co. has a twelve month low of $37.99 and a twelve month high of $56.91. The firm has a market capitalization of $3.48 billion, a PE ratio of 8.63, a PEG ratio of 0.77 and a beta of 1.64. The firm’s 50-day moving average price is $52.58 and its 200 day moving average price is $47.48.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm posted $1.54 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, analysts predict that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

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.