Gabelli Funds LLC Sells 800 Shares of Travel + Leisure Co. (NYSE:TNL)

Gabelli Funds LLC lowered its position in shares of Travel + Leisure Co. (NYSE:TNLFree Report) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,200 shares of the company’s stock after selling 800 shares during the period. Gabelli Funds LLC’s holdings in Travel + Leisure were worth $399,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TNL. Allworth Financial LP lifted its stake in shares of Travel + Leisure by 147.5% in the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after acquiring an additional 416 shares during the last quarter. SRS Capital Advisors Inc. lifted 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 acquiring an additional 588 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Travel + Leisure in the 4th quarter valued at about $36,000. Arlington Trust Co LLC bought a new stake in shares of Travel + Leisure in the 4th quarter valued at about $53,000. Finally, Quent Capital LLC lifted its stake in shares of Travel + Leisure by 23.6% in the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company’s stock valued at $57,000 after acquiring an additional 278 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their target price on Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Barclays boosted their price target on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. Mizuho initiated coverage on Travel + Leisure in a report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price target on the stock. Finally, JMP Securities initiated coverage on Travel + Leisure in a report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.83.

Get Our Latest Stock Analysis on Travel + Leisure

Insiders Place Their Bets

In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 26,442 shares in the company, valued at approximately $1,242,774. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider James J. Savina sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total value of $282,000.00. Following the sale, the insider now directly owns 26,442 shares of the company’s stock, valued at approximately $1,242,774. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director George Herrera sold 2,969 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 directly owns 2,193 shares in the company, valued at $99,408.69. The disclosure for this sale can be found here. Company insiders own 4.02% of the company’s stock.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $44.47 on Tuesday. Travel + Leisure Co. has a 1 year low of $32.10 and a 1 year high of $49.02. The stock’s 50-day moving average is $44.97 and its 200 day moving average is $42.70. The company has a market cap of $3.17 billion, a PE ratio of 8.19, a P/E/G ratio of 2.46 and a beta of 1.63.

Travel + Leisure (NYSE:TNLGet Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. During the same quarter in the prior year, the business earned $0.89 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect 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. Shareholders of record on Friday, June 14th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.50%. Travel + Leisure’s dividend payout ratio (DPR) is 36.83%.

About Travel + Leisure

(Free Report)

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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Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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