Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its position in Travel + Leisure Co. (NYSE:TNL) by 57.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,008 shares of the company’s stock after purchasing an additional 5,494 shares during the period. Empowered Funds LLC’s holdings in Travel + Leisure were worth $692,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hourglass Capital LLC raised its position in shares of Travel + Leisure by 2.9% in the third quarter. Hourglass Capital LLC now owns 36,000 shares of the company’s stock valued at $1,659,000 after buying an additional 1,020 shares during the last quarter. Versor Investments LP lifted its stake in shares of Travel + Leisure by 45.4% during the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock worth $1,857,000 after purchasing an additional 12,585 shares during the period. Venturi Wealth Management LLC grew its position in shares of Travel + Leisure by 499.8% in the third quarter. Venturi Wealth Management LLC now owns 2,501 shares of the company’s stock valued at $115,000 after purchasing an additional 2,084 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of Travel + Leisure by 8.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 45,558 shares of the company’s stock valued at $2,099,000 after purchasing an additional 3,359 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in Travel + Leisure by 25.4% during the third quarter. Crossmark Global Holdings Inc. now owns 35,622 shares of the company’s stock worth $1,642,000 after buying an additional 7,205 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. This represents a 11.70 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the sale, the director now owns 6,352 shares of the company’s stock, valued at $269,832.96. This represents a 25.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock valued at $4,544,170 over the last 90 days. 4.02% of the stock is owned by corporate insiders.

Travel + Leisure Trading Up 1.5 %

Shares of TNL stock 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 company has a market cap of $3.76 billion, a PE ratio of 9.33, a P/E/G ratio of 0.78 and a beta of 1.61. The company’s fifty day simple moving average is $48.17 and its 200-day simple moving average is $45.61.

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

Travel + Leisure Dividend Announcement

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

Analyst Ratings Changes

TNL has been the subject of several recent analyst reports. Truist Financial lowered their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Barclays boosted their target price 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 increased their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Tigress Financial boosted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $55.67.

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.