31,626 Shares in Travel + Leisure Co. $TNL Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 31,626 shares of the company’s stock, valued at approximately $2,231,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Invesco Ltd. grew its holdings in Travel + Leisure by 8.4% during the third quarter. Invesco Ltd. now owns 3,486,173 shares of the company’s stock worth $207,392,000 after acquiring an additional 270,474 shares during the period. AQR Capital Management LLC grew its holdings in Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after acquiring an additional 855,151 shares during the period. Truist Financial Corp grew its holdings in Travel + Leisure by 12.7% during the fourth quarter. Truist Financial Corp now owns 738,304 shares of the company’s stock worth $52,073,000 after acquiring an additional 83,414 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Travel + Leisure by 3.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 713,266 shares of the company’s stock worth $42,432,000 after purchasing an additional 25,306 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Travel + Leisure by 231.1% during the third quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock worth $41,143,000 after purchasing an additional 482,731 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TNL. Citizens Jmp boosted their target price on Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 19th. Morgan Stanley decreased their target price on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Barclays decreased their target price on Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Oppenheimer reiterated an “outperform” rating and set a $85.00 target price on shares of Travel + Leisure in a research report on Wednesday, February 18th. Finally, Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Insider Buying and Selling

In related news, CFO Erik D. Hoag acquired 1,000 shares of Travel + Leisure stock in a transaction dated Thursday, April 23rd. The shares were acquired at an average cost of $65.67 per share, for a total transaction of $65,670.00. Following the completion of the transaction, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at $65,670. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Denny Marie Post sold 2,500 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the completion of the transaction, the director owned 1,977 shares of the company’s stock, valued at $126,191.91. The trade was a 55.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 124,238 shares of company stock valued at $9,295,629 over the last three months. Insiders own 4.01% of the company’s stock.

Travel + Leisure Stock Up 3.6%

Shares of NYSE:TNL opened at $64.98 on Thursday. Travel + Leisure Co. has a 52-week low of $46.75 and a 52-week high of $81.00. The stock’s fifty day simple moving average is $69.26 and its 200-day simple moving average is $69.93. The company has a market capitalization of $4.06 billion, a P/E ratio of 18.25, a P/E/G ratio of 0.48 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The business had revenue of $961.00 million for the quarter, compared to the consensus estimate of $954.81 million. During the same period in the prior year, the business earned $1.11 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Travel + Leisure Co. will post 7.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were given a $0.60 dividend. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is currently 67.42%.

Travel + Leisure Profile

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.