The Vanguard Group, Inc. recently announced the acquisition of new stake in Travel+Leisure Co (NYSE:TNL). The institutional investor has increased its shareholding in the Consumer Cyclical company by 3.46% to 10.11 million shares with purchase of 0.34 million shares. This fresh investment now brings its stake to 13.97% valued currently at $395.38 million. In addition, Invesco Advisers, Inc. raised its holdings by 5968.0 to 1.92 million shares. And AQR Capital Management LLC has lifted its position by 34.73% or 0.45 million shares – to 1.74 million shares.
With over 0.48 million Travel+Leisure Co (TNL) shares trading Friday and a closing price of $38.61 on the day, the dollar volume was approximately $18.62 million. The shares have shown a negative half year performance of -7.68% and its price on 01/12/24 lost nearly -2.87%. Currently, there are 78.40M common shares owned by the public and among those 69.91M shares have been available to trade.
Insiders at the company have transacted a total of 132 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 98 of these insider trades were purchases, accounting for 942,268 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 209,619 shares.
The top 3 mutual fund holders in Travel+Leisure Co are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 2.23 million shares of the company’s stock, all valued at over $87.08 million. The company bought an additional 3495.0 shares recently to bring their total holdings to about 3.08% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 1990.0 shares to see its total holdings expand to 2.2 million shares valued at over $86.01 million and representing 3.04% of the shares outstanding. Vanguard Small Cap Index Fund bought 11631.0 shares to bring its total holdings to over 1.82 million shares at a value of $71.17 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.51% of the shares outstanding.
Shares of Travel+Leisure Co (NYSE: TNL) opened at $39.99, up $0.24 from a prior closing price of $39.75. The company’s stock has a 5-day price change of -3.43% and 13.69% over the past three months. TNL shares are trading -1.23% year to date (YTD), with the 12-month market performance down to -3.16% lower. It has a 12-month low price of $32.10 and touched a high of $44.99 over the same period. TNL has an average intraday trading volume of 714.54K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.99%, 2.15%, and 0.82% respectively.
Institutional ownership of Travel+Leisure Co (NYSE: TNL) shares accounts for 90.69% of the company’s 78.40M shares outstanding. Mutual fund holders own 45.86%, while other institutional holders and individual stakeholders account for 46.53% and 3.47% respectively.
It has a market capitalization of $2.80B and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 8.40, while the earnings-per-share (ttm) stands at $4.60. The company has a PEG of 0.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.14% over the week and 2.61% over the month.
Analysts forecast that Travel+Leisure Co (TNL) will achieve an EPS of $1.38 for the current quarter, $0.81 for the next quarter and $5.12 for 2024. The lowest estimate earnings-per-share for the quarter is $1.31 while analysts give the company a high EPS estimate of $1.4. Comparatively, EPS for the current quarter was $1.3 a year ago. Earnings per share for the fiscal year are expected to increase by 11.61%, and 5.85% over the next financial year. EPS should grow at an annualized rate of 9.00% over the next five years, compared to -12.48% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Travel+Leisure Co (TNL) as a “Strong Buy” at a consensus score of 1.62. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 1 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TNL, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on January 02, 2024, with the firm’s price target at $37-$57.
