Travel + Leisure Co. (NYSE:TNL) Shares Bought by Atria Investments Inc

Atria Investments Inc increased its position in Travel + Leisure Co. (NYSE:TNL) by 14.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,345 shares of the company’s stock after buying an additional 672 shares during the quarter. Atria Investments Inc’s holdings in Travel + Leisure were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quest Partners LLC raised its stake in shares of Travel + Leisure by 1,474.2% during the second quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock valued at $998,000 after purchasing an additional 20,772 shares during the period. Harbor Capital Advisors Inc. boosted its position in Travel + Leisure by 125.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after purchasing an additional 29,656 shares during the period. Hancock Whitney Corp acquired a new stake in shares of Travel + Leisure in the 2nd quarter worth about $1,925,000. International Assets Investment Management LLC increased its stake in shares of Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after purchasing an additional 5,258 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in Travel + Leisure by 344.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 28,417 shares of the company’s stock valued at $1,278,000 after acquiring an additional 22,022 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Truist Financial reduced 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 upped their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays raised their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price objective on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.67.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now directly owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Geoffrey Richards sold 4,607 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 95,055 shares of company stock valued at $4,544,170 in the last 90 days. 4.02% of the stock is currently owned by insiders.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $54.96 on Friday. The business’s 50-day moving average price is $48.17 and its two-hundred day moving average price is $45.61. Travel + Leisure Co. has a one year low of $35.41 and a one year high of $55.08. The company has a market capitalization of $3.76 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business posted $1.54 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts anticipate that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

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.