1,348 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by Arlington Trust Co LLC

Arlington Trust Co LLC purchased a new position in Travel + Leisure Co. (NYSE:TNL) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,348 shares of the company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Travel + Leisure by 147.5% in the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock worth $27,000 after acquiring an additional 416 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Travel + Leisure in the 1st quarter worth approximately $31,000. Lazard Asset Management LLC acquired a new stake in Travel + Leisure during the 1st quarter valued at $34,000. Quent Capital LLC grew its holdings in Travel + Leisure by 100.0% during the 3rd quarter. Quent Capital LLC now owns 1,176 shares of the company’s stock valued at $43,000 after buying an additional 588 shares during the last quarter. Finally, Perkins Coie Trust Co acquired a new stake in Travel + Leisure during the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TNL shares. Barclays increased their target price on Travel + Leisure from $37.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, February 22nd. Mizuho started coverage on Travel + Leisure in a report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price on the stock. Truist Financial increased their target price on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. JMP Securities initiated coverage on Travel + Leisure in a report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 target price on the stock. Finally, Jefferies Financial Group raised Travel + Leisure from a “hold” rating to a “buy” rating and increased their price target for the stock from $37.00 to $57.00 in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $53.63.

Travel + Leisure Stock Up 0.6 %

Shares of Travel + Leisure stock opened at $46.62 on Monday. The firm has a market cap of $3.31 billion, a PE ratio of 8.76, a P/E/G ratio of 1.26 and a beta of 1.63. The business’s fifty day moving average is $44.34 and its two-hundred day moving average is $39.63. Travel + Leisure Co. has a fifty-two week low of $32.10 and a fifty-two week high of $49.02.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 21st. The company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.61. The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $946.56 million. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the company posted $1.30 EPS. Equities research analysts anticipate that Travel + Leisure Co. will post 5.4 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a $0.50 dividend. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 4.29%. The ex-dividend date was Wednesday, March 20th. Travel + Leisure’s dividend payout ratio is currently 37.59%.

Insider Activity at Travel + Leisure

In other news, Director George Herrera sold 2,969 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares in the company, valued at $99,408.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director George Herrera sold 2,969 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.33, for a total transaction of $134,584.77. Following the completion of the sale, the director now directly owns 2,193 shares in the company, valued at $99,408.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James J. Savina sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total value of $677,700.00. Following the sale, the insider now owns 15,860 shares of the company’s stock, valued at $716,554.80. The disclosure for this sale can be found here. In the last three months, insiders sold 28,922 shares of company stock worth $1,318,358. Corporate insiders own 2.07% 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.