Travel + Leisure Co. $TNL Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its holdings in Travel + Leisure Co. (NYSE:TNL) by 3.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 311,039 shares of the company’s stock after purchasing an additional 11,068 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Travel + Leisure were worth $16,053,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its holdings in Travel + Leisure by 28.3% in the 1st quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company’s stock valued at $83,241,000 after buying an additional 403,418 shares during the period. LSV Asset Management increased its position in shares of Travel + Leisure by 69.0% during the second quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock valued at $83,371,000 after acquiring an additional 659,293 shares during the last quarter. Northern Trust Corp raised its stake in shares of Travel + Leisure by 3.3% in the 1st quarter. Northern Trust Corp now owns 1,071,318 shares of the company’s stock valued at $49,591,000 after acquiring an additional 34,615 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Travel + Leisure by 8.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock valued at $46,039,000 after acquiring an additional 79,430 shares during the period. Finally, Norges Bank acquired a new position in shares of Travel + Leisure in the 2nd quarter worth approximately $50,934,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

TNL has been the subject of several research reports. Wells Fargo & Company began coverage on shares of Travel + Leisure in a report on Tuesday, November 18th. They issued an “overweight” rating and a $74.00 target price for the company. The Goldman Sachs Group raised their price target on Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Truist Financial lifted their price objective on Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Barclays boosted their price objective on Travel + Leisure from $54.00 to $63.00 and gave the company an “underweight” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.60.

Insider Buying and Selling

In related news, insider Kimberly Marshall sold 16,500 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $65.00, for a total value of $1,072,500.00. Following the completion of the transaction, the insider owned 40,236 shares in the company, valued at $2,615,340. The trade was a 29.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amandine Robin-Caplan sold 1,538 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $65.08, for a total transaction of $100,093.04. Following the transaction, the insider owned 3,904 shares of the company’s stock, valued at $254,072.32. This trade represents a 28.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 198,776 shares of company stock worth $13,080,628. 3.75% of the stock is owned by corporate insiders.

Travel + Leisure Stock Up 0.3%

NYSE:TNL opened at $68.58 on Monday. The company has a fifty day simple moving average of $62.65 and a two-hundred day simple moving average of $58.49. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 0.55 and a beta of 1.51. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $70.43.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.08. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.57 earnings per share. On average, analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, December 12th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.84%.

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.