Sound Income Strategies LLC Increases Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Sound Income Strategies LLC boosted its stake in Travel + Leisure Co. (NYSE:TNL) by 17,416.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,051 shares of the company’s stock after acquiring an additional 1,045 shares during the quarter. Sound Income Strategies LLC’s holdings in Travel + Leisure were worth $53,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares during the period. Versant Capital Management Inc lifted its holdings in 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 buying an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 buying an additional 503 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Travel + Leisure during the third quarter valued at about $43,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Travel + Leisure during the third quarter worth about $44,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the sale, the insider now owns 111,202 shares in the company, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have sold 19,016 shares of company stock worth $1,042,863. 4.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial raised their price objective on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group lifted their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Stifel Nicolaus upped their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Barclays upped their target price on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research note on Friday, December 13th. One 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. Based on data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Travel + Leisure Stock Down 0.8 %

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. Travel + Leisure Co. has a fifty-two week low of $39.66 and a fifty-two week high of $56.91. The firm has a 50-day simple moving average of $52.64 and a 200 day simple moving average of $48.20.

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

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.76%. The ex-dividend date was Friday, December 13th. Travel + Leisure’s dividend payout ratio is presently 33.96%.

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.