28,864 Shares in Travel + Leisure Co. $TNL Bought by Caxton Associates LLP

Key Points

• Caxton Associates LLP acquired 28,864 shares of Travel + Leisure Co. ($TNL) in Q1, valued at approximately $1.34 million.
• Several institutional investors, including AQR Capital Management and LSV Asset Management, significantly increased their stakes in Travel + Leisure during the same quarter.
• The company recently announced a quarterly dividend of $0.56, set to be paid on September 30th, representing a 3.6% annual yield.

Caxton Associates LLP bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 28,864 shares of the company's stock, valued at approximately $1,336,000.

A number of other hedge funds have also recently modified their holdings of the business. KBC Group NV increased its position in shares of Travel + Leisure by 8.1% during the 1st quarter. KBC Group NV now owns 3,128 shares of the company's stock valued at $145,000 after purchasing an additional 235 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Travel + Leisure by 3.0% during the 1st quarter. Cetera Investment Advisers now owns 10,789 shares of the company's stock valued at $499,000 after purchasing an additional 317 shares during the last quarter. UMB Bank n.a. increased its position in shares of Travel + Leisure by 54.0% during the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock valued at $54,000 after purchasing an additional 409 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Travel + Leisure by 26.6% during the 1st quarter. GAMMA Investing LLC now owns 2,044 shares of the company's stock valued at $95,000 after purchasing an additional 429 shares during the last quarter. Finally, Xponance Inc. increased its position in shares of Travel + Leisure by 6.8% during the 1st quarter. Xponance Inc. now owns 8,247 shares of the company's stock valued at $382,000 after purchasing an additional 527 shares during the last quarter. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Performance

TNL traded down $1.37 during trading on Friday, reaching $61.83. 605,275 shares of the company traded hands, compared to its average volume of 607,806. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $64.11. The firm has a fifty day simple moving average of $60.21 and a 200 day simple moving average of $52.17. The company has a market cap of $4.01 billion, a P/E ratio of 10.66, a PEG ratio of 0.61 and a beta of 1.44.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same period last year, the business earned $1.52 earnings per share. The company's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, September 12th. Travel + Leisure's dividend payout ratio is currently 38.62%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen lowered shares of Travel + Leisure from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. Barclays increased their target price 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. Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $63.00 to $72.00 in a report on Thursday, July 24th. Finally, JMP Securities increased their target price on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Travel + Leisure currently has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Insider Activity

In other news, Director George Herrera sold 2,200 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total transaction of $133,056.00. Following the completion of the transaction, the director directly owned 559 shares in the company, valued at approximately $33,808.32. This represents a 79.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Myers sold 110,885 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $62.33, for a total value of $6,911,462.05. Following the transaction, the insider owned 142,553 shares of the company's stock, valued at $8,885,328.49. This represents a 43.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 320,174 shares of company stock worth $19,765,874. 3.75% of the stock is owned by corporate insiders.

Travel + Leisure Profile

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.