Waterloo Capital L.P. Sells 292 Shares of Travel + Leisure Co. (NYSE:TNL)

Waterloo Capital L.P. decreased its stake in Travel + Leisure Co. (NYSE:TNL) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,145 shares of the company’s stock after selling 292 shares during the period. Waterloo Capital L.P. owned about 0.08% of Travel + Leisure worth $2,732,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TNL. FMR LLC lifted its position in Travel + Leisure by 28.5% in the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after buying an additional 58,008 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Travel + Leisure during the third quarter worth approximately $224,000. Verition Fund Management LLC lifted its holdings in shares of Travel + Leisure by 207.6% in the 3rd quarter. Verition Fund Management LLC now owns 38,250 shares of the company’s stock worth $1,763,000 after acquiring an additional 25,815 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Travel + Leisure by 18.8% in the 3rd quarter. Janus Henderson Group PLC now owns 34,730 shares of the company’s stock valued at $1,600,000 after purchasing an additional 5,503 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Travel + Leisure during the 3rd quarter valued at $66,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TNL. Mizuho restated a “neutral” rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Morgan Stanley started coverage on Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 target price for the company. Truist Financial lifted their price target on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their target price for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Finally, Barclays upped their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $63.70.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Dean Brown purchased 2,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Down 4.4 %

NYSE:TNL opened at $40.96 on Friday. The firm’s fifty day simple moving average is $52.17 and its 200 day simple moving average is $51.02. The stock has a market cap of $2.73 billion, a P/E ratio of 7.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a twelve month low of $39.80 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL) last announced its 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 for the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.98 EPS. On average, analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.56 per share. The ex-dividend date was Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 5.47%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is currently 38.36%.

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.