Voya Investment Management LLC Grows Position in Travel + Leisure Co. (NYSE:TNL)

Voya Investment Management LLC grew its stake in Travel + Leisure Co. (NYSE:TNL) by 106.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,926 shares of the company’s stock after buying an additional 19,561 shares during the period. Voya Investment Management LLC owned 0.06% of Travel + Leisure worth $1,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC raised its stake in Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after acquiring an additional 100,440 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Travel + Leisure in the fourth quarter valued at about $1,288,000. Atlas Capital Advisors Inc. raised its stake in shares of Travel + Leisure by 1,141.0% in the fourth quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company’s stock worth $594,000 after purchasing an additional 10,817 shares during the last quarter. Amundi lifted its holdings in shares of Travel + Leisure by 22.8% during the fourth quarter. Amundi now owns 5,940 shares of the company’s stock worth $302,000 after purchasing an additional 1,103 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Travel + Leisure by 4.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company’s stock valued at $10,130,000 after buying an additional 8,374 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Trading Up 5.2 %

Shares of TNL opened at $47.26 on Friday. The firm has a market cap of $3.14 billion, a P/E ratio of 8.09, a PEG ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The stock’s 50 day moving average is $46.30 and its two-hundred day moving average is $50.49.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. During the same quarter in the previous year, the firm earned $0.97 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 4.74%. Travel + Leisure’s dividend payout ratio (DPR) is currently 37.40%.

Analyst Ratings Changes

Several analysts have commented on the stock. Tigress Financial lifted their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, March 6th. Barclays lowered their price target on shares of Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Mizuho reiterated a “neutral” rating and set a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Truist Financial upped their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, The Goldman Sachs Group reduced their price target on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. One 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.20.

Insiders Place Their Bets

In other news, insider Michael Dean Brown acquired 2,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the acquisition, the insider now owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director George Herrera sold 6,336 shares of Travel + Leisure 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 sale, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. 3.75% of the stock is owned by company insiders.

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.