Dimensional Fund Advisors LP Boosts Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Dimensional Fund Advisors LP boosted its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 4.2% in the 2nd quarter, Holdings Channel reports. The fund owned 1,412,870 shares of the company’s stock after acquiring an additional 57,587 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Travel + Leisure were worth $63,547,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Travel + Leisure in the 4th quarter valued at about $34,967,000. Intech Investment Management LLC lifted its holdings in Travel + Leisure by 89.9% during the 4th quarter. Intech Investment Management LLC now owns 11,412 shares of the company’s stock worth $446,000 after buying an additional 5,403 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in Travel + Leisure in the fourth quarter valued at approximately $2,452,000. Bank of Nova Scotia purchased a new stake in Travel + Leisure in the fourth quarter valued at $4,496,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Travel + Leisure in the 4th quarter valued at about $1,066,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

TNL has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Barclays cut shares of Travel + Leisure from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $46.00 to $40.00 in a research note on Thursday. The Goldman Sachs Group began coverage on shares of Travel + Leisure in a research report on Wednesday, September 18th. They set a “neutral” rating and a $44.00 price objective on the stock. Finally, Truist Financial reduced their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.33.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $46.59 on Friday. Travel + Leisure Co. has a one year low of $32.10 and a one year high of $49.91. The company has a market cap of $3.25 billion, a P/E ratio of 8.58, a PEG ratio of 0.63 and a beta of 1.62. The firm has a fifty day moving average of $43.67 and a two-hundred day moving average of $44.72.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 earnings per share. As a group, equities analysts predict that Travel + Leisure Co. will post 5.67 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid 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 is Friday, September 13th. Travel + Leisure’s dividend payout ratio (DPR) is 36.83%.

Travel + Leisure Company 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.