Avantax Advisory Services Inc. Has $451,000 Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Avantax Advisory Services Inc. boosted its position in Travel + Leisure Co. (NYSE:TNL) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,944 shares of the company’s stock after acquiring an additional 236 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Travel + Leisure were worth $451,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TNL. Jones Financial Companies Lllp bought a new stake in shares of Travel + Leisure during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its holdings in shares of Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 503 shares during the period. UMB Bank n.a. increased its stake in Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after buying an additional 181 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley started coverage on shares of Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective for the company. Stifel Nicolaus boosted their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Truist Financial increased their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lifted their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Mizuho reissued a “neutral” rating and issued a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

Insider Buying and Selling

In other news, insider Michael Dean Brown acquired 2,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 6,336 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now owns 2,759 shares of the company’s stock, valued at $129,121.20. This represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. 4.02% of the stock is currently owned by insiders.

Travel + Leisure Trading Down 1.0 %

TNL stock opened at $47.12 on Monday. The stock has a market cap of $3.14 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.67 and a beta of 1.61. The stock’s fifty day simple moving average is $53.37 and its two-hundred day simple moving average is $50.80. Travel + Leisure Co. has a 1-year low of $39.91 and a 1-year high of $58.95.

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

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, March 17th. This represents a $2.24 annualized dividend and a dividend yield of 4.75%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is presently 38.36%.

Travel + Leisure Company 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.