Institutional investors boost stakes in Travel + Leisure as it beats earnings, raises dividend.

Institutional investors have increased their stakes in Travel + Leisure Co., with significant boosts from UMB Bank and Versant Capital Management. The company's stock is rated "Moderate Buy" with a $56.80 target price. Travel + Leisure beat earnings estimates, reporting a 0.7% revenue increase and a $1.57 EPS. The company also announced a $0.50 quarterly dividend. Various analysts have raised their price targets, with Stifel Nicolaus setting it at $66.00. Insiders have recently sold 104,455 shares.

November 30, 2024
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