Russell Investments Group Ltd. raised its stake in Travel + Leisure Co. (NYSE:TNL – Get Rating ) by 46.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,317 shares of the company’s stock after purchasing an additional 122,626 shares during the quarter. Russell Investments Group Ltd. owned 0.48% of Travel + Leisure worth $13,282,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in TNL. Penserra Capital Management LLC bought a new stake in shares of Travel + Leisure in the first quarter worth about $31,000. Lazard Asset Management LLC bought a new stake in shares of Travel + Leisure in the first quarter worth about $34,000. Quadrant Capital Group LLC increased its holdings in shares of Travel + Leisure by 47.1% in the second quarter. Quadrant Capital Group LLC now owns 893 shares of the company’s stock valued at $35,000 after acquiring an additional 286 shares during the last quarter. Fieldpoint Private Securities LLC boosted its holdings in shares of Travel + Leisure by 43.2% during the second quarter. Fieldpoint Private Securities LLC now owns 995 shares of the company’s stock valued at $39,000 after acquiring an additional 300 shares during the last quarter. Finally, Wipfli Financial Advisors LLC purchased a new stake in shares of Travel + Leisure during the third quarter worth about $37,000. The institutional investor and hedge fund owned 88.54% of the company’s stock.
Internal activity
In other news, Director George Herrera sold 882 shares of the business’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $38.58, for a total value of $34,027.56. Following the transaction, the director now directly owns 40,320 shares of the company’s stock, valued at approximately $1,555,545.60. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through the SEC’s website. 2.07% of shares are owned by company insiders.
Travel + leisure stocks rose 0.5%
Shares of TNL stock opened at $42.15 on Monday. The firm has a market cap of $3.43 billion, a P/E ratio of 9.69 and a beta of 1.65. Travel + Leisure Co. has a twelve month low of $33.57 and a twelve month high of $63.19. The stock’s fifty-day simple moving average is $38.18, and the 200-day simple moving average is $39.84.
Travel + Leisure (NYSE:TNL – Get Rating ) last announced its earnings results on Thursday, October 27th. The company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.01). The company had revenue of $937.00 million for the quarter, compared to analyst estimates of $943.06 million. Travel + Leisure had a negative return on equity of 45.32% and a net margin of 10.57%. As a group, equities research analysts expect Travel + Leisure Co. to post 4.44 EPS for the current fiscal year.
Travel + Leisure Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a $0.40 dividend. This represents an annualized dividend of $1.60 and a dividend yield of 3.80%. The ex-dividend date was Wednesday, December 14th. Travel + Leisure’s dividend payout ratio is 36.78%.
Wall Street analysts forecast growth
A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Travel + Leisure from $69.00 to $62.00 in a report on Friday, October 28th. Truist Financial reduced their price objective on Travel + Leisure from $72.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, November 15th. Credit Suisse Group cut Travel + Leisure from an “outperform” rating to an “underperform” rating in a report on Friday, October 28th. Finally, Barclays cut their target price on Travel + Leisure to $43.00 in a research note on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Travel + Leisure currently has an average rating of “Hold” and a consensus target price of $61.00, based on data from MarketBeat.com.
Travel + leisure profile
(Get Rating)
Travel + Leisure Co is a membership and leisure travel company, with a portfolio of nearly 20 resort, travel club and lifestyle travel brands. It provides vacation experiences and travel inspiration to owners, members and subscribers through its products and services: Wyndham Destinations, the vacation ownership company with 230 vacation club resort locations worldwide, Panorama, a member travel business that includes a vacation exchange, industry travel technology and subscription travel brands and the Travel + Leisure Group, comprising online and print travel content, online booking platforms and travel clubs, and branded consumer products.
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