Travel + Leisure Co. $TNL Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 24.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,830 shares of the company’s stock after buying an additional 8,281 shares during the period. Ritholtz Wealth Management’s holdings in Travel + Leisure were worth $2,548,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TNL. Hillsdale Investment Management Inc. purchased a new position in shares of Travel + Leisure during the 2nd quarter worth $27,000. Parkside Financial Bank & Trust boosted its holdings in Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after purchasing an additional 382 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after buying an additional 715 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Travel + Leisure during the 2nd quarter worth approximately $45,000. Finally, SJS Investment Consulting Inc. raised its position in shares of Travel + Leisure by 13,383.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock valued at $48,000 after buying an additional 803 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

NYSE TNL opened at $72.42 on Friday. The company has a fifty day moving average of $69.54 and a two-hundred day moving average of $63.81. The company has a market capitalization of $4.66 billion, a PE ratio of 11.91, a P/E/G ratio of 0.51 and a beta of 1.38. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $76.21.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.08. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.57 EPS. On average, research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, December 12th. Travel + Leisure’s payout ratio is presently 36.84%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group increased their price objective on Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Truist Financial increased their price target on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, November 14th. JMP Securities boosted their price target on shares of Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, October 23rd. Wall Street Zen upgraded Travel + Leisure from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Barclays set a $70.00 price objective on Travel + Leisure and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.56.

Insider Buying and Selling at Travel + Leisure

In related news, insider Jeffrey Myers sold 50,000 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the completion of the sale, the insider owned 63,789 shares in the company, valued at $4,234,313.82. This represents a 43.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amandine Robin-Caplan sold 1,538 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $65.08, for a total transaction of $100,093.04. Following the transaction, the insider directly owned 3,904 shares in the company, valued at $254,072.32. The trade was a 28.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 198,776 shares of company stock worth $13,080,628 in the last 90 days. Company insiders own 3.75% of the company’s stock.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.