Captrust Financial Advisors Acquires 1,445 Shares of Travel + Leisure Co. (NYSE:TNL)

Captrust Financial Advisors raised its holdings in Travel + Leisure Co. (NYSE:TNL) by 29.7% in the fourth quarter, Holdings Channel reports. The firm owned 6,303 shares of the company’s stock after purchasing an additional 1,445 shares during the period. Captrust Financial Advisors’ holdings in Travel + Leisure were worth $318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caxton Associates LP boosted its stake in Travel + Leisure by 96.3% in the 4th quarter. Caxton Associates LP now owns 32,566 shares of the company’s stock worth $1,643,000 after purchasing an additional 15,974 shares during the period. Balyasny Asset Management L.P. bought a new position in Travel + Leisure during the 4th quarter worth approximately $233,000. Baker Avenue Asset Management LP grew its position in Travel + Leisure by 0.5% during the 4th quarter. Baker Avenue Asset Management LP now owns 121,078 shares of the company’s stock worth $6,108,000 after acquiring an additional 645 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Travel + Leisure in the 4th quarter worth approximately $2,684,000. Finally, Ameriprise Financial Inc. grew its position in shares of Travel + Leisure by 1.8% in the 4th quarter. Ameriprise Financial Inc. now owns 327,217 shares of the company’s stock worth $16,508,000 after buying an additional 5,764 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $49.67 on Wednesday. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The stock has a 50 day moving average price of $45.45 and a 200-day moving average price of $50.63. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $58.95.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. During the same period last year, the company earned $0.97 EPS. Travel + Leisure’s quarterly revenue was up 2.0% compared to the same quarter last year. Sell-side analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.56 per share. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure’s dividend payout ratio (DPR) is currently 37.40%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial lifted their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Morgan Stanley lowered their target price on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Tigress Financial raised their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Mizuho reiterated a “neutral” rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Finally, Barclays cut their price target on Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven 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 price target of $59.20.

Insider Buying and Selling

In other news, insider Michael Dean Brown bought 2,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Denny Marie Post sold 5,500 shares of Travel + Leisure stock in a transaction on Monday, May 12th. The shares were sold at an average price of $50.20, for a total value of $276,100.00. Following the sale, the director now directly owns 4,477 shares of the company’s stock, valued at approximately $224,745.40. This trade represents a 55.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.75% of the stock is 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.