Allianz Asset Management GmbH acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,734 shares of the company’s stock, valued at approximately $2,452,000. Allianz Asset Management GmbH owned 0.09% of Travel + Leisure as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in shares of Travel + Leisure by 147.5% during the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock worth $27,000 after acquiring an additional 416 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in shares of Travel + Leisure by 334.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock valued at $30,000 after purchasing an additional 588 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Travel + Leisure during the 4th quarter worth $36,000. Arlington Trust Co LLC bought a new stake in shares of Travel + Leisure during the 4th quarter worth $53,000. Finally, Quent Capital LLC boosted its stake in Travel + Leisure by 23.6% in the fourth quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after buying an additional 278 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently commented on TNL. Mizuho assumed coverage on shares of Travel + Leisure in a report on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 target price for the company. JMP Securities initiated coverage on shares of Travel + Leisure in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 target price on the stock. Barclays upped their price target on shares of Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. Finally, Truist Financial raised their price objective on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $54.83.
Get Our Latest Research Report on Travel + Leisure
Travel + Leisure Trading Up 0.3 %
Shares of TNL opened at $43.99 on Friday. The stock’s 50-day moving average price is $44.97 and its two-hundred day moving average price is $42.63. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.02. The company has a market capitalization of $3.13 billion, a PE ratio of 8.10, a PEG ratio of 2.45 and a beta of 1.63.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The business had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $904.54 million. During the same period in the prior year, the business posted $0.89 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Travel + Leisure Co. will post 5.53 EPS for the current fiscal year.
Travel + Leisure Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 4.55%. Travel + Leisure’s payout ratio is 36.83%.
Insiders Place Their Bets
In other news, Director George Herrera sold 2,969 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the transaction, the director now directly owns 2,193 shares of the company’s stock, valued at approximately $99,408.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director George Herrera sold 2,969 shares of Travel + Leisure stock in a transaction on Friday, March 15th. The shares were sold at an average price of $45.33, for a total value of $134,584.77. Following the completion of the sale, the director now owns 2,193 shares in the company, valued at approximately $99,408.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Savina sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total transaction of $282,000.00. Following the completion of the sale, the insider now owns 26,442 shares of the company’s stock, valued at $1,242,774. The disclosure for this sale can be found here. Company insiders own 4.02% of the company’s stock.
Travel + Leisure 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.
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