Oak Thistle LLC Invests $1.29 Million in Travel + Leisure Co. (NYSE:TNL)

Oak Thistle LLC purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL) in the fourth quarter, Holdings Channel.com reports. The fund purchased 25,532 shares of the company’s stock, valued at approximately $1,288,000.

Several other institutional investors have also recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Travel + Leisure by 80.4% in the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after buying an additional 100,440 shares during the last quarter. Versor Investments LP raised its stake in shares of Travel + Leisure by 45.4% in the third quarter. Versor Investments LP now owns 40,290 shares of the company’s stock worth $1,857,000 after acquiring an additional 12,585 shares during the last quarter. FMR LLC lifted its position in shares of Travel + Leisure by 28.5% during the third quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after purchasing an additional 58,008 shares in the last quarter. Hancock Whitney Corp bought a new stake in shares of Travel + Leisure during the second quarter valued at approximately $1,925,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after purchasing an additional 5,258 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

Insiders Place Their Bets

In other news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the transaction, the insider now owns 111,202 shares in the company, valued at $6,289,585.12. The trade was a 7.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the sale, the director now directly owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 99,016 shares of company stock worth $4,846,863. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Trading Up 3.9 %

Travel + Leisure stock opened at $51.81 on Wednesday. The firm has a market capitalization of $3.54 billion, a P/E ratio of 8.80, a PEG ratio of 0.77 and a beta of 1.64. The business has a 50-day moving average of $52.72 and a 200-day moving average of $47.66. Travel + Leisure Co. has a 1 year low of $37.99 and a 1 year high of $56.91.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 earnings per share. Research analysts anticipate that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.86%. The ex-dividend date was Friday, December 13th. Travel + Leisure’s payout ratio is presently 33.96%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TNL. Stifel Nicolaus upped their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Tigress Financial upped their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their price target on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Truist Financial boosted their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley began coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

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.