Travel + Leisure Co. (NYSE:TNL) Shares Bought by Factorial Partners LLC

Factorial Partners LLC raised its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 7.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 68,000 shares of the company’s stock after buying an additional 5,000 shares during the period. Travel + Leisure comprises approximately 1.8% of Factorial Partners LLC’s holdings, making the stock its 26th largest position. Factorial Partners LLC’s holdings in Travel + Leisure were worth $3,133,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TNL. Swedbank AB acquired a new stake in shares of Travel + Leisure in the first quarter valued at $33,598,000. Millennium Management LLC lifted its holdings in Travel + Leisure by 440.7% in the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock valued at $27,624,000 after acquiring an additional 500,554 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Travel + Leisure by 318.4% during 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 in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Travel + Leisure in the 2nd quarter worth approximately $7,480,000. Finally, LSV Asset Management raised its holdings in shares of Travel + Leisure by 23.1% in the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company’s stock worth $32,628,000 after purchasing an additional 136,281 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays raised their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. The Goldman Sachs Group upped their target price on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Truist Financial dropped their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Tigress Financial upped 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 six have given a buy rating to the company’s stock. Based on data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and an average price target of $55.67.

Insider Activity at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated 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 directly owns 24,491 shares in the company, valued at $1,024,703.44. This trade represents a 11.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred on 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 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. Insiders sold a total of 95,055 shares of company stock valued at $4,544,170 over the last quarter. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Down 1.7 %

NYSE:TNL opened at $52.59 on Wednesday. The firm has a market cap of $3.60 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.61. The company’s 50-day moving average price is $47.45 and its two-hundred day moving average price is $45.43. Travel + Leisure Co. has a 12 month low of $35.41 and a 12 month high of $54.79.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company posted $1.54 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. On average, research analysts expect that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.80%. Travel + Leisure’s dividend payout ratio (DPR) is currently 33.96%.

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.