Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 1.3% in the third quarter, Holdings Channel.com reports. The fund owned 291,052 shares of the company’s stock after purchasing an additional 3,841 shares during the period. Loomis Sayles & Co. L P’s holdings in Travel + Leisure were worth $13,412,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TNL. QRG Capital Management Inc. raised its position in Travel + Leisure by 2.5% during the second quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock worth $810,000 after acquiring an additional 432 shares during the last quarter. UMB Bank n.a. raised its position in shares of Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 526 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Travel + Leisure during the 2nd quarter worth approximately $27,000. Allspring Global Investments Holdings LLC lifted its stake in Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after buying an additional 607 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in Travel + Leisure by 14.4% during the 3rd quarter. Atria Investments Inc now owns 5,345 shares of the company’s stock valued at $246,000 after buying an additional 672 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TNL. Truist Financial upped their price objective on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday. Tigress Financial raised their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus boosted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group raised their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, Barclays boosted their price target on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. One equities 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $56.80.

Insider Buying and Selling

In other news, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the sale, the director now owns 362,947 shares of the company’s stock, valued at $17,258,129.85. This represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Geoffrey Richards sold 4,607 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total value of $249,929.75. Following the completion of the sale, the insider now owns 120,602 shares of the company’s stock, valued at approximately $6,542,658.50. This trade represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 95,055 shares of company stock valued at $4,544,170. 4.02% of the stock is currently owned by corporate insiders.

Travel + Leisure Stock Down 1.4 %

NYSE:TNL opened at $55.51 on Wednesday. The company has a market cap of $3.80 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.81 and a beta of 1.61. The firm’s 50 day moving average is $48.45 and its two-hundred day moving average is $45.69. Travel + Leisure Co. has a fifty-two week low of $35.41 and a fifty-two week high of $56.91.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $1.54 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. Research analysts forecast that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s payout ratio is currently 33.96%.

Travel + Leisure Company 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.