Kera Capital Partners Inc. bought a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,598 shares of the company's stock, valued at approximately $392,000.
Other large investors have also made changes to their positions in the company. AQR Capital Management LLC boosted its holdings in Travel + Leisure by 28.3% during the first quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company's stock worth $83,241,000 after purchasing an additional 403,418 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Travel + Leisure by 3.3% during the first quarter. Northern Trust Corp now owns 1,071,318 shares of the company's stock valued at $49,591,000 after purchasing an additional 34,615 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Travel + Leisure by 8.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company's stock valued at $46,039,000 after buying an additional 79,430 shares during the period. LSV Asset Management boosted its position in shares of Travel + Leisure by 37.7% in the first quarter. LSV Asset Management now owns 956,109 shares of the company's stock worth $44,258,000 after purchasing an additional 261,528 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Travel + Leisure by 25.1% during the fourth quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company's stock worth $45,299,000 after acquiring an additional 180,059 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on TNL shares. Barclays upped their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, July 24th. Wall Street Zen cut shares of Travel + Leisure from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. JMP Securities lifted their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research note on Thursday, July 24th. Finally, Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Travel + Leisure currently has an average rating of "Moderate Buy" and a consensus price target of $62.30.
View Our Latest Stock Report on TNL
Insider Transactions at Travel + Leisure
In related news, insider Michael Dean Brown purchased 1,500 shares of Travel + Leisure stock in a transaction on Friday, August 1st. The stock was bought at an average price of $58.39 per share, with a total value of $87,585.00. Following the completion of the transaction, the insider directly owned 427,821 shares of the company's stock, valued at approximately $24,980,468.19. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Myers sold 110,885 shares of Travel + Leisure stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $62.33, for a total value of $6,911,462.05. Following the completion of the transaction, the insider owned 142,553 shares in the company, valued at $8,885,328.49. The trade was a 43.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 320,174 shares of company stock valued at $19,765,874. Insiders own 3.75% of the company's stock.
Travel + Leisure Price Performance
Shares of NYSE TNL traded down $0.03 during trading on Tuesday, hitting $61.62. 521,506 shares of the company were exchanged, compared to its average volume of 603,604. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $64.11. The firm's fifty day moving average price is $60.43 and its 200 day moving average price is $52.26. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.60 and a beta of 1.44.
Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $1.52 EPS. The firm's revenue was up 3.4% compared to the same quarter last year. On average, research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, September 12th. Travel + Leisure's dividend payout ratio (DPR) is presently 38.62%.
About Travel + Leisure
(
Free Report)
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.
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