Deutsche Bank AG bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 96,806 shares of the company's stock, valued at approximately $7,399,000. Deutsche Bank AG owned 0.16% of Travel + Leisure as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in TNL. Louisiana State Employees Retirement System bought a new stake in Travel + Leisure in the first quarter worth approximately $1,294,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Travel + Leisure by 22.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 199,224 shares of the company's stock worth $14,051,000 after buying an additional 36,308 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Travel + Leisure during the 4th quarter worth approximately $2,231,000. LSV Asset Management boosted its holdings in shares of Travel + Leisure by 1.1% during the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company's stock worth $113,741,000 after buying an additional 17,377 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Travel + Leisure during the 4th quarter worth approximately $2,829,000. Institutional investors own 87.54% of the company's stock.
Insider Activity
In other news, insider Kimberly Marshall sold 32,691 shares of the firm's stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total value of $37,580.00. Following the sale, the director owned 1,353 shares in the company, valued at $101,691.48. The trade was a 26.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,135 shares of company stock worth $7,022,699 over the last quarter. Insiders own 4.01% of the company's stock.
Travel + Leisure Stock Performance
Shares of Travel + Leisure stock opened at $71.63 on Monday. The stock has a market capitalization of $4.38 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 0.49 and a beta of 1.17. Travel + Leisure Co. has a 52 week low of $58.07 and a 52 week high of $81.00. The stock has a 50 day moving average price of $75.15 and a two-hundred day moving average price of $72.12.
Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting analysts' consensus estimates of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. Travel + Leisure's revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts forecast that Travel + Leisure Co. will post 7.6 EPS for the current year.
Travel + Leisure Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 annualized dividend and a dividend yield of 3.4%. Travel + Leisure's dividend payout ratio is presently 65.57%.
Wall Street Analyst Weigh In
TNL has been the subject of several research analyst reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Mizuho increased their target price on shares of Travel + Leisure from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Thursday, July 23rd. Barclays raised their price target on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an "equal weight" rating in a report on Thursday, July 23rd. Wells Fargo & Company lifted their price target on shares of Travel + Leisure from $87.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group upgraded shares of Travel + Leisure from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a report on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Travel + Leisure currently has a consensus rating of "Moderate Buy" and an average price target of $87.82.
View Our Latest Stock Analysis on Travel + Leisure
Travel + Leisure Company Profile
(
Free Report)
Travel + Leisure Co NYSE: TNL is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.
In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.
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