Personal CFO Solutions LLC Sells 836 Shares of Travel + Leisure Co. (NYSE:TNL)

Personal CFO Solutions LLC trimmed its holdings in Travel + Leisure Co. (NYSE:TNL) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,733 shares of the company’s stock after selling 836 shares during the quarter. Personal CFO Solutions LLC’s holdings in Travel + Leisure were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp bought a new position in Travel + Leisure in the fourth quarter worth $25,000. Versant Capital Management Inc raised its holdings in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after buying an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after buying an additional 503 shares during the last quarter. UMB Bank n.a. raised its holdings in Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Stock Up 0.2 %

NYSE:TNL opened at $53.61 on Monday. Travel + Leisure Co. has a twelve month low of $39.91 and a twelve month high of $58.95. The company has a market cap of $3.58 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. The business has a 50 day moving average price of $53.86 and a two-hundred day moving average price of $50.50.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter in the prior year, the business posted $1.98 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.18%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio is currently 34.25%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TNL. Mizuho restated 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. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Truist Financial boosted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Friday. Finally, Barclays boosted their price objective on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.70.

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.