UMB Bank n.a. grew its stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 36.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 757 shares of the company’s stock after purchasing an additional 204 shares during the period. UMB Bank n.a.’s holdings in Travel + Leisure were worth $38,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of TNL. Millennium Management LLC raised its position in Travel + Leisure by 440.7% in the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock valued at $27,624,000 after buying an additional 500,554 shares during the last quarter. Algert Global LLC grew its position in Travel + Leisure by 168.9% during the third quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after buying an additional 200,549 shares during the period. Point72 Asset Management L.P. bought a new stake in Travel + Leisure in the second quarter worth about $7,480,000. Charles Schwab Investment Management Inc. boosted its stake in Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after acquiring an additional 138,153 shares during the last quarter. Finally, Barclays PLC grew its position in shares of Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after acquiring an additional 100,440 shares during the period. 87.54% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:TNL opened at $53.15 on Friday. The company has a market cap of $3.64 billion, a PE ratio of 9.02, a P/E/G ratio of 0.68 and a beta of 1.64. The stock’s 50-day moving average is $52.64 and its 200 day moving average is $48.20. Travel + Leisure Co. has a 1 year low of $39.66 and a 1 year high of $56.91.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Friday, December 13th. Travel + Leisure’s payout ratio is 33.96%.
In other news, insider Geoffrey Richards sold 5,009 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total transaction of $261,269.44. Following the sale, the insider now owns 125,209 shares of the company’s stock, valued at $6,530,901.44. This trade represents a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 19,016 shares of company stock valued at $1,042,863. Insiders own 4.02% of the company’s stock.
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Barclays upped their price target on Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research report on Friday, December 13th. Morgan Stanley began coverage on Travel + Leisure in a research note on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective for the company. Truist Financial boosted their price objective on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. One 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.50.
Get Our Latest Stock Analysis on 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.
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