Travel + Leisure Co. (NYSE:TNL) Shares Acquired by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC boosted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,218 shares of the company’s stock after purchasing an additional 390 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Travel + Leisure were worth $310,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its holdings in Travel + Leisure by 80.4% in the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after acquiring an additional 100,440 shares in the last quarter. Versor Investments LP raised its holdings in shares of Travel + Leisure by 45.4% in the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after purchasing an additional 12,585 shares in the last quarter. FMR LLC lifted its position in shares of Travel + Leisure by 28.5% during the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after purchasing an additional 58,008 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Travel + Leisure during the fourth quarter worth $1,288,000. Finally, International Assets Investment Management LLC increased its holdings in Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after buying an additional 5,258 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

TNL opened at $53.40 on Wednesday. Travel + Leisure Co. has a one year low of $39.20 and a one year high of $56.91. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.67 and a beta of 1.64. The business’s fifty day moving average is $52.67 and its two-hundred day moving average is $48.02.

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, topping analysts’ consensus estimates of $1.49 by $0.08. The business had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company’s revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. On average, analysts predict that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.75%. The ex-dividend date was Friday, December 13th. Travel + Leisure’s payout ratio is 33.96%.

Insider Buying and Selling at Travel + Leisure

In other news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the sale, the insider now owns 111,202 shares of the company’s stock, valued at $6,289,585.12. The trade was a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the transaction, the director now owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,016 shares of company stock worth $4,846,863. Corporate insiders own 4.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TNL. Truist Financial lifted their price target on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Barclays upped their price target on Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a report on Friday, December 13th. The Goldman Sachs Group raised their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Tigress Financial upped their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley initiated coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They set an “overweight” rating and a $67.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.50.

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.