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

Sound Income Strategies LLC increased its holdings in Travel + Leisure Co. (NYSE:TNL) by 17,416.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,051 shares of the company’s stock after buying an additional 1,045 shares during the period. Sound Income Strategies LLC’s holdings in Travel + Leisure were worth $53,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in shares of Travel + Leisure by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 188,831 shares of the company’s stock valued at $8,494,000 after purchasing an additional 2,746 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Travel + Leisure by 4.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock valued at $63,547,000 after buying an additional 57,587 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in Travel + Leisure by 23.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,768 shares of the company’s stock valued at $384,000 after buying an additional 1,657 shares during the last quarter. Sei Investments Co. increased its position in Travel + Leisure by 22.6% during the second quarter. Sei Investments Co. now owns 143,009 shares of the company’s stock worth $6,430,000 after buying an additional 26,338 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Travel + Leisure by 85.1% in the second quarter. Cubist Systematic Strategies LLC now owns 19,083 shares of the company’s stock worth $858,000 after acquiring an additional 8,776 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Down 0.8 %

Shares of NYSE TNL opened at $53.15 on Friday. The stock has a market capitalization of $3.64 billion, a PE ratio of 9.02, a P/E/G ratio of 0.68 and a beta of 1.64. The firm has a fifty day moving average of $52.64 and a 200-day moving average of $48.20. Travel + Leisure Co. has a 52-week low of $39.66 and a 52-week high of $56.91.

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

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Insider Activity at Travel + Leisure

In other news, insider Geoffrey Richards sold 9,400 shares of the stock in a transaction 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 completion of the sale, the insider now owns 111,202 shares of the company’s stock, valued at $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 19,016 shares of company stock worth $1,042,863. Company insiders own 4.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on TNL shares. JPMorgan Chase & Co. lifted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Tigress Financial lifted their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group lifted their target price 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. Finally, Barclays increased their price target on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.50.

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.