LSV Asset Management Has $21.64 Million Position in Travel + Leisure Co. (NYSE:TNL)

LSV Asset Management decreased its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 553,509 shares of the company’s stock after selling 18,800 shares during the period. LSV Asset Management’s holdings in Travel + Leisure were worth $21,637,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Quent Capital LLC grew its position in shares of Travel + Leisure by 23.6% during the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock worth $57,000 after buying an additional 278 shares during the period. Allworth Financial LP lifted its holdings in shares of Travel + Leisure by 147.5% in the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock worth $27,000 after purchasing an additional 416 shares in the last quarter. Wright Investors Service Inc. lifted its holdings in shares of Travel + Leisure by 1.7% in the 3rd quarter. Wright Investors Service Inc. now owns 31,522 shares of the company’s stock worth $1,158,000 after purchasing an additional 527 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of Travel + Leisure by 334.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock worth $30,000 after purchasing an additional 588 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Travel + Leisure by 42.8% in the 3rd quarter. Fifth Third Bancorp now owns 2,033 shares of the company’s stock worth $75,000 after purchasing an additional 609 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Buying and Selling

In related news, Director George Herrera sold 2,969 shares of Travel + Leisure stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the sale, the director now owns 2,193 shares of the company’s stock, valued at approximately $99,408.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Travel + Leisure news, insider Kimberly Marshall sold 4,953 shares of the company’s stock in a transaction dated Sunday, March 10th. The stock was sold at an average price of $45.24, for a total value of $224,073.72. Following the transaction, the insider now directly owns 54,657 shares in the company, valued at approximately $2,472,682.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 2,969 shares of Travel + Leisure stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $45.33, for a total transaction of $134,584.77. Following the sale, the director now owns 2,193 shares of the company’s stock, valued at $99,408.69. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,922 shares of company stock valued at $1,318,358. 4.02% of the stock is owned by insiders.

Travel + Leisure Price Performance

NYSE TNL opened at $45.46 on Tuesday. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 2.51 and a beta of 1.63. Travel + Leisure Co. has a one year low of $32.10 and a one year high of $49.02. The business’s fifty day moving average is $45.73 and its 200-day moving average is $41.09.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. Research analysts expect that Travel + Leisure Co. will post 5.52 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $2.00 annualized dividend and a yield of 4.40%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.45. Travel + Leisure’s dividend payout ratio (DPR) is 36.83%.

Analyst Ratings Changes

TNL has been the topic of a number of recent research reports. Truist Financial increased their target price on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Barclays raised their price objective on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, April 25th. JMP Securities started coverage on Travel + Leisure in a research note on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price objective on the stock. Finally, Mizuho started coverage on Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $54.83.

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.