Choreo LLC Invests $211,000 in Travel + Leisure Co. (NYSE:TNL)

Choreo LLC acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,553 shares of the company's stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TNL. Natixis purchased a new position in Travel + Leisure in the 4th quarter valued at about $37,000. UMB Bank n.a. lifted its position in shares of Travel + Leisure by 54.0% during the first quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after purchasing an additional 409 shares during the last quarter. Rossby Financial LCC bought a new position in shares of Travel + Leisure during the first quarter worth about $55,000. Canada Pension Plan Investment Board lifted its position in shares of Travel + Leisure by 333.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock worth $66,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Capital Analysts LLC lifted its position in shares of Travel + Leisure by 16.8% during the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after purchasing an additional 227 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travel + Leisure

In other news, insider Geoffrey Richards sold 124,454 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the transaction, the insider owned 118,718 shares in the company, valued at approximately $7,426,998.08. The trade was a 51.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Denny Marie Post sold 5,500 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $50.20, for a total transaction of $276,100.00. Following the transaction, the director owned 4,477 shares in the company, valued at approximately $224,745.40. The trade was a 55.13% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 323,474 shares of company stock worth $19,908,918. Corporate insiders own 3.75% of the company's stock.

Travel + Leisure Price Performance

Shares of TNL stock traded down $0.85 on Friday, hitting $58.40. The company's stock had a trading volume of 798,445 shares, compared to its average volume of 777,308. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $63.31. The firm's fifty day moving average price is $53.47 and its 200-day moving average price is $50.86. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 0.57 and a beta of 1.43.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. The business's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.52 EPS. Analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is 38.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. JMP Securities lifted their price target on Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a report on Thursday, July 24th. The Goldman Sachs Group cut their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wall Street Zen raised Travel + Leisure from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Morgan Stanley lowered their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $62.30.

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.