Algert Global LLC Boosts Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Algert Global LLC lifted its holdings in Travel + Leisure Co. (NYSE:TNL) by 168.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 319,279 shares of the company’s stock after purchasing an additional 200,549 shares during the period. Travel + Leisure comprises 0.4% of Algert Global LLC’s holdings, making the stock its 22nd biggest position. Algert Global LLC owned 0.47% of Travel + Leisure worth $14,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. UMB Bank n.a. raised its position in shares of Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 526 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Travel + Leisure during the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC increased its stake in Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares in the last quarter. Family Firm Inc. purchased a new position in shares of Travel + Leisure in the second quarter worth $31,000. Finally, Larson Financial Group LLC acquired a new stake in Travel + Leisure during the 2nd quarter worth about $36,000. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Stock Up 1.5 %

Shares of NYSE:TNL opened at $54.96 on Friday. Travel + Leisure Co. has a 52-week low of $35.41 and a 52-week high of $55.08. The stock has a market cap of $3.76 billion, a P/E ratio of 9.33, a PEG ratio of 0.78 and a beta of 1.61. The business has a fifty day moving average of $48.17 and a two-hundred day moving average of $45.61.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm posted $1.54 earnings per share. Travel + Leisure’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts anticipate that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.64%. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays upped their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Truist Financial lowered their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Tigress Financial increased their target price on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.67.

Insider Activity

In other news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. This represents a 11.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction dated 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 $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. In the last 90 days, insiders have sold 95,055 shares of company stock valued at $4,544,170. 4.02% of the stock is currently owned by company insiders.

About Travel + Leisure

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.