Freedom Investment Management Inc. Has $453,000 Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Freedom Investment Management Inc. raised its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 67.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 9,830 shares of the company’s stock after purchasing an additional 3,965 shares during the period. Freedom Investment Management Inc.’s holdings in Travel + Leisure were worth $453,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TNL. Quest Partners LLC lifted its stake in Travel + Leisure by 1,474.2% during the 2nd quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock valued at $998,000 after acquiring an additional 20,772 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Travel + Leisure by 125.9% during the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after purchasing an additional 29,656 shares in the last quarter. Versor Investments LP boosted its holdings in Travel + Leisure by 45.4% during the third quarter. Versor Investments LP now owns 40,290 shares of the company’s stock worth $1,857,000 after purchasing an additional 12,585 shares during the last quarter. Hancock Whitney Corp purchased a new stake in Travel + Leisure in the 2nd quarter valued at about $1,925,000. Finally, International Assets Investment Management LLC lifted its position in shares of Travel + Leisure by 4,532.8% during the 3rd quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock worth $248,000 after buying an additional 5,258 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the transaction, the insider now directly owns 111,202 shares in the company, valued at $6,289,585.12. This represents a 7.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the sale, the director now owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This trade represents a 25.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,455 shares of company stock valued at $5,075,834. 4.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TNL. The Goldman Sachs Group increased their price target on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Barclays lifted their target price on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Tigress Financial increased their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Truist Financial lifted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus increased their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday. 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 stock has an average rating of “Moderate Buy” and a consensus price target of $56.80.

Travel + Leisure Price Performance

Travel + Leisure stock opened at $55.87 on Friday. Travel + Leisure Co. has a one year low of $35.41 and a one year high of $56.91. The firm has a market capitalization of $3.82 billion, a P/E ratio of 9.49, a PEG ratio of 0.80 and a beta of 1.61. The business has a fifty day moving average price of $49.19 and a 200-day moving average price of $45.89.

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

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.50 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.58%. Travel + Leisure’s payout ratio is currently 33.96%.

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.