Cambridge Investment Research Advisors Inc. Purchases 212 Shares of Travel + Leisure Co. (NYSE:TNL)

Cambridge Investment Research Advisors Inc. lifted its stake in Travel + Leisure Co. (NYSE:TNL) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,160 shares of the company’s stock after purchasing an additional 212 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Travel + Leisure were worth $281,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of TNL. Advisor Group Holdings Inc. lifted its position in shares of Travel + Leisure by 4.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 7,494 shares of the company’s stock worth $446,000 after purchasing an additional 340 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Travel + Leisure by 48.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,801 shares of the company’s stock worth $1,593,000 after purchasing an additional 8,765 shares during the period. Ethic Inc. purchased a new stake in shares of Travel + Leisure in the 2nd quarter worth about $275,000. Westpac Banking Corp lifted its position in shares of Travel + Leisure by 79.4% in the 2nd quarter. Westpac Banking Corp now owns 92,988 shares of the company’s stock worth $5,528,000 after purchasing an additional 41,159 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of Travel + Leisure by 60.4% in the 2nd quarter. Mackenzie Financial Corp now owns 303,852 shares of the company’s stock worth $18,064,000 after purchasing an additional 114,393 shares during the period. 86.77% of the stock is owned by hedge funds and other institutional investors.

NYSE:TNL opened at $56.32 on Friday. The firm has a market cap of $4.86 billion, a P/E ratio of 24.17 and a beta of 1.84. The firm has a 50-day simple moving average of $53.69 and a two-hundred day simple moving average of $54.69. Travel + Leisure Co. has a fifty-two week low of $43.40 and a fifty-two week high of $68.26.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 27th. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.16. Travel + Leisure had a net margin of 7.01% and a negative return on equity of 26.19%. The firm had revenue of $839.00 million during the quarter, compared to analyst estimates of $828.79 million. During the same period last year, the firm posted $0.83 EPS. Travel + Leisure’s revenue was up 36.6% on a year-over-year basis. Sell-side analysts anticipate that Travel + Leisure Co. will post 3.41 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 30th. Shareholders of record on Wednesday, December 15th were issued a $0.35 dividend. The ex-dividend date was Tuesday, December 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.49%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.30. Travel + Leisure’s dividend payout ratio (DPR) is presently 60.09%.

Several equities research analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Travel + Leisure from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, October 27th. Zacks Investment Research raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Wednesday, December 29th. Jefferies Financial Group cut shares of Travel + Leisure from a “buy” rating to a “hold” rating and lowered their price target for the company from $74.00 to $61.00 in a research report on Tuesday, September 28th. Truist lifted their price target on shares of Travel + Leisure from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 16th. Finally, Truist Securities lifted their price target on shares of Travel + Leisure from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, November 16th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $71.75.

Travel + Leisure Company Profile

Travel + Leisure Co is a membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. The company provides outstanding vacation experiences and travel inspiration to millions of owners, members, and subscribers every year through its products and services: Wyndham Destinations, the vacation ownership company with 230 vacation club resort locations across the globe; Panorama, the membership travel business that includes the vacation exchange company, industry travel technology, and subscription travel brands; and Travel + Leisure Group, featuring online and print travel content, online booking platforms and travel clubs, and branded consumer products.

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Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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