Barclays PLC Purchases 100,440 Shares of Travel + Leisure Co. (NYSE:TNL)

Barclays PLC grew its position in shares of Travel + Leisure Co. (NYSE:TNL) by 80.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 225,326 shares of the company’s stock after acquiring an additional 100,440 shares during the quarter. Barclays PLC owned about 0.33% of Travel + Leisure worth $10,383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. UMB Bank n.a. raised its position in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after buying an additional 607 shares during the period. Family Firm Inc. bought a new position in Travel + Leisure in the 2nd quarter worth about $31,000. Larson Financial Group LLC bought a new stake in shares of Travel + Leisure during the second quarter valued at approximately $36,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Travel + Leisure during the second quarter valued at approximately $38,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TNL has been the topic of a number of recent research reports. The Goldman Sachs Group increased their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Tigress Financial raised their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays boosted their target price on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Stifel Nicolaus upped their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.50.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 5,009 shares of Travel + Leisure stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the transaction, the insider now directly owns 125,209 shares of the company’s stock, valued at $6,530,901.44. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. This represents a 18.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,016 shares of company stock worth $4,846,863 over the last three months. Insiders own 4.02% of the company’s stock.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $53.33 on Tuesday. The business has a 50 day simple moving average of $51.26 and a two-hundred day simple moving average of $46.74. The stock has a market capitalization of $3.65 billion, a P/E ratio of 9.05, a PEG ratio of 0.77 and a beta of 1.63. Travel + Leisure Co. has a 12 month low of $37.99 and a 12 month high of $56.91.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm posted $1.54 earnings per share. Travel + Leisure’s quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts anticipate that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. Travel + Leisure’s payout ratio is currently 33.96%.

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.