Bridgewater Associates LP Has $1.82 Million Position in Travel + Leisure Co. (NYSE:TNL)

Bridgewater Associates LP lowered its position in shares of Travel + Leisure Co. (NYSE:TNL) by 21.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,567 shares of the company’s stock after selling 10,553 shares during the quarter. Bridgewater Associates LP’s holdings in Travel + Leisure were worth $1,823,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC grew its holdings in Travel + Leisure by 1,474.2% during the second quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock valued at $998,000 after purchasing an additional 20,772 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Travel + Leisure by 125.9% in the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after buying an additional 29,656 shares during the period. Versor Investments LP boosted its holdings 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 valued at $1,857,000 after buying an additional 12,585 shares during the period. Hancock Whitney Corp acquired a new position in shares of Travel + Leisure in the second quarter valued at approximately $1,925,000. Finally, International Assets Investment Management LLC boosted 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 buying an additional 5,258 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Stifel Nicolaus increased their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays increased their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Truist Financial increased their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group upped their price target 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. Finally, Tigress Financial upped their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $56.80.

Travel + Leisure Stock Up 0.9 %

Shares of Travel + Leisure stock opened at $55.87 on Monday. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 0.81 and a beta of 1.61. Travel + Leisure Co. has a 12-month low of $35.41 and a 12-month high of $56.91. The firm’s 50-day moving average price is $49.41 and its two-hundred day moving average price is $45.96.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the firm posted $1.54 EPS. The firm’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts expect that Travel + Leisure Co. will post 5.75 earnings per share for the current year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s payout ratio is 33.96%.

Insider Transactions at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. The trade was a 11.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the transaction, the director now owns 362,947 shares in the company, valued at $17,258,129.85. The trade was a 18.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,455 shares of company stock worth $5,075,834. Company insiders own 4.02% of the company’s stock.

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.