Travel + Leisure Co. (NYSE:TNL) Stake Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Travel + Leisure Co. (NYSE:TNL) by 21.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 792,979 shares of the company’s stock after acquiring an additional 138,153 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Travel + Leisure were worth $36,540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of TNL. Cetera Advisors LLC bought a new stake in Travel + Leisure during the first quarter worth approximately $206,000. Versant Capital Management Inc purchased a new stake in shares of Travel + Leisure during the second quarter valued at $27,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Travel + Leisure by 125.9% during the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after purchasing an additional 29,656 shares during the last quarter. Sax Wealth Advisors LLC acquired a new position in shares of Travel + Leisure in the 2nd quarter valued at $314,000. Finally, QRG Capital Management Inc. increased its stake in Travel + Leisure by 2.5% in the 2nd quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock worth $810,000 after purchasing an additional 432 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Down 0.9 %

TNL stock opened at $55.35 on Tuesday. Travel + Leisure Co. has a 12 month low of $36.09 and a 12 month high of $56.91. The firm has a 50 day moving average of $49.41 and a two-hundred day moving average of $45.97. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 0.81 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business earned $1.54 EPS. The firm’s revenue was up .7% compared to the same quarter last year. On average, research analysts expect that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Analysts Set New Price Targets

TNL has been the topic of several analyst reports. Barclays lifted their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. 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. Stifel Nicolaus lifted their price target on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Truist Financial increased their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group upped their target price on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and an average price target of $56.80.

Insider Activity at Travel + Leisure

In related news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.56, for a total transaction of $531,664.00. Following the sale, the insider now directly owns 111,202 shares in the company, valued at $6,289,585.12. This represents a 7.79 % 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 George Herrera sold 2,193 shares of the stock in a transaction on Tuesday, September 17th. The stock was 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 in the company, valued at $269,832.96. The trade was a 25.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,455 shares of company stock worth $5,075,834. Company insiders own 4.02% of the company’s stock.

Travel + Leisure Company 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.