UBS Group AG raised its stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 21.5% during the fourth quarter, Holdings Channel reports. The firm owned 280,291 shares of the company’s stock after buying an additional 49,519 shares during the quarter. UBS Group AG’s holdings in Travel + Leisure were worth $19,769,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in TNL. Royal Bank of Canada boosted its stake in shares of Travel + Leisure by 42.0% during the 1st quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock valued at $4,222,000 after purchasing an additional 26,965 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Travel + Leisure in the first quarter worth about $396,000. Millennium Management LLC lifted its holdings in Travel + Leisure by 129.5% in the first quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock worth $19,141,000 after buying an additional 233,345 shares during the period. Goldman Sachs Group Inc. boosted its position in Travel + Leisure by 97.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock valued at $9,271,000 after acquiring an additional 98,647 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in Travel + Leisure during the 1st quarter valued at approximately $206,000. 87.54% of the stock is currently owned by institutional investors.
Insider Activity at Travel + Leisure
In related news, Director George Herrera sold 1,748 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $70.31, for a total transaction of $122,901.88. Following the transaction, the director owned 1,853 shares in the company, valued at $130,284.43. This represents a 48.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amandine Robin-Caplan sold 3,904 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $74.61, for a total transaction of $291,277.44. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 121,738 shares of company stock worth $9,136,054. 4.01% of the stock is owned by insiders.
Analysts Set New Price Targets
Read Our Latest Stock Report on Travel + Leisure
Travel + Leisure Trading Down 3.4%
Travel + Leisure stock opened at $63.54 on Tuesday. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 0.50 and a beta of 1.17. The stock has a fifty day simple moving average of $70.73 and a two-hundred day simple moving average of $70.04. Travel + Leisure Co. has a 12 month low of $46.75 and a 12 month high of $81.00.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $954.81 million. During the same period in the prior year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that Travel + Leisure Co. will post 7.46 EPS for the current fiscal year.
Travel + Leisure Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, March 20th. This represents a $2.40 annualized dividend and a yield of 3.8%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. Travel + Leisure’s dividend payout ratio (DPR) is currently 67.42%.
About Travel + Leisure
Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.
In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.
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