Vanguard Group Inc. Has $523.18 Million Stake in Travel + Leisure Co. (NYSE:TNL)

Vanguard Group Inc. trimmed its position in shares of Travel + Leisure Co. (NYSE:TNL) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,370,303 shares of the company’s stock after selling 72,989 shares during the period. Vanguard Group Inc. owned 15.16% of Travel + Leisure worth $523,182,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in TNL. Charles Schwab Investment Management Inc. raised its position in Travel + Leisure by 21.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after buying an additional 138,153 shares during the period. Cerity Partners LLC purchased a new position in Travel + Leisure during the 3rd quarter valued at about $892,000. FMR LLC increased its holdings in shares of Travel + Leisure by 28.5% in the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after purchasing an additional 58,008 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Travel + Leisure in the third quarter worth approximately $1,613,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Travel + Leisure in the third quarter worth approximately $224,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

TNL opened at $46.27 on Tuesday. The firm has a market cap of $3.09 billion, a P/E ratio of 7.92, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. The business has a 50 day moving average price of $52.87 and a 200 day moving average price of $51.02. Travel + Leisure Co. has a twelve month low of $39.91 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same period in the previous year, the company earned $1.98 earnings per share. Travel + Leisure’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 4.84%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. Travel + Leisure’s dividend payout ratio is 38.36%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley initiated coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective on the stock. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Barclays lifted their price objective on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Tigress Financial upped their target price on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, Mizuho reiterated a “neutral” rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. One equities 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.70.

Insider Transactions at Travel + Leisure

In other news, Director George Herrera sold 6,336 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the sale, the director now directly owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. This represents a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Dean Brown bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the transaction, the insider now directly owns 408,706 shares of the company’s stock, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. 4.02% of the stock is currently owned by corporate insiders.

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.