Charles Schwab Investment Management Inc. Purchases 122,173 Shares of Travel + Leisure Co. (NYSE:TNL)

Charles Schwab Investment Management Inc. raised its position in shares of Travel + Leisure Co. (NYSE:TNL) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 915,152 shares of the company’s stock after buying an additional 122,173 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Travel + Leisure were worth $46,169,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TNL. Jones Financial Companies Lllp purchased a new stake in Travel + Leisure in the fourth quarter worth about $25,000. Smartleaf Asset Management LLC increased its position in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after buying an additional 181 shares in the last quarter. Factorial Partners LLC raised its stake in Travel + Leisure by 28.7% during the fourth quarter. Factorial Partners LLC now owns 87,500 shares of the company’s stock valued at $4,414,000 after buying an additional 19,500 shares during the last quarter. US Bancorp DE boosted its holdings in Travel + Leisure by 5.3% in the fourth quarter. US Bancorp DE now owns 23,707 shares of the company’s stock worth $1,196,000 after acquiring an additional 1,199 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Travel + Leisure by 5.4% in the fourth quarter. QRG Capital Management Inc. now owns 19,849 shares of the company’s stock worth $1,001,000 after acquiring an additional 1,023 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TNL shares. Stifel Nicolaus lifted their price target on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial upped their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Barclays increased 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. Morgan Stanley assumed coverage on shares of Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. 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’s stock. Based on data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus price target of $63.70.

Insider Activity

In other Travel + Leisure news, insider Michael Dean Brown acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the acquisition, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This represents a 0.49 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.02% of the company’s stock.

Travel + Leisure Trading Up 3.0 %

NYSE:TNL opened at $48.04 on Friday. The company has a market cap of $3.20 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. The company has a 50 day simple moving average of $53.74 and a two-hundred day simple moving average of $50.55. Travel + Leisure Co. has a 12 month low of $39.91 and a 12 month high of $58.95.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the business posted $1.98 EPS. Research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.56 per share. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Monday, March 17th. Travel + Leisure’s payout ratio is currently 38.36%.

About 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.