Loomis Sayles & Co. L P Has $15.20 Million Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Loomis Sayles & Co. L P raised its holdings in Travel + Leisure Co. (NYSE:TNL) by 3.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 301,317 shares of the company’s stock after buying an additional 10,265 shares during the quarter. Loomis Sayles & Co. L P owned 0.44% of Travel + Leisure worth $15,201,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC grew its stake in shares of Travel + Leisure by 1.2% in the fourth quarter. LPL Financial LLC now owns 37,983 shares of the company’s stock worth $1,916,000 after acquiring an additional 468 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Travel + Leisure in the 4th quarter worth $714,000. KLP Kapitalforvaltning AS bought a new position in shares of Travel + Leisure during the 4th quarter worth about $752,000. Sei Investments Co. raised its position in shares of Travel + Leisure by 8.2% during the fourth quarter. Sei Investments Co. now owns 200,492 shares of the company’s stock valued at $10,115,000 after buying an additional 15,126 shares during the last quarter. Finally, Summit Global Investments lifted its stake in shares of Travel + Leisure by 98.0% in the fourth quarter. Summit Global Investments now owns 18,375 shares of the company’s stock valued at $927,000 after buying an additional 9,093 shares during the period. 87.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TNL shares. Truist Financial boosted their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Barclays upped their target price on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. lifted their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. The Goldman Sachs Group increased their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Mizuho reiterated a “neutral” rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. One 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.70.

Insider Buying and Selling

In other news, Director George Herrera sold 6,336 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now directly owns 408,706 shares of the company’s stock, valued at $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.02% of the stock is owned by corporate insiders.

Travel + Leisure Trading Down 1.8 %

Shares of Travel + Leisure stock opened at $46.40 on Friday. Travel + Leisure Co. has a 1-year low of $39.91 and a 1-year high of $58.95. The firm’s 50-day moving average price is $52.99 and its two-hundred day moving average price is $50.86. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 7.95, a P/E/G ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $1.98 EPS. As a group, equities research analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.83%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 17th. Travel + Leisure’s payout ratio is currently 38.36%.

About Travel + Leisure

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.