Travel + Leisure Co. (NYSE:TNL) Stock Holdings Lifted by Foster & Motley Inc.

Key Points

• Foster & Motley Inc. increased its stake in Travel + Leisure Co. by 282.8%, holding 109,716 shares valued at approximately $5.08 million.
• Travel + Leisure reported Q2 earnings of $1.65 per share, slightly below expectations, with revenue rising to $1.02 billion, a 3.4% increase year-over-year.
• The company announced a quarterly dividend of $0.56 per share, resulting in an annualized yield of 3.58%.

Foster & Motley Inc. raised its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 282.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,716 shares of the company's stock after purchasing an additional 81,053 shares during the period. Foster & Motley Inc. owned approximately 0.17% of Travel + Leisure worth $5,079,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC raised its holdings in Travel + Leisure by 1.0% in the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after purchasing an additional 200 shares during the period. Capital Analysts LLC grew its position in Travel + Leisure by 16.8% in the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after acquiring an additional 227 shares in the last quarter. KBC Group NV grew its position in Travel + Leisure by 8.1% in the first quarter. KBC Group NV now owns 3,128 shares of the company's stock worth $145,000 after acquiring an additional 235 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Travel + Leisure by 3.0% during the first quarter. Cetera Investment Advisers now owns 10,789 shares of the company's stock valued at $499,000 after buying an additional 317 shares during the period. Finally, UMB Bank n.a. boosted 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 valued at $54,000 after buying an additional 409 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TNL has been the subject of several research analyst reports. Barclays lifted their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, July 24th. Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $63.00 to $72.00 in a research note on Thursday, July 24th. Morgan Stanley reduced their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group reduced their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, JMP Securities boosted their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Insider Buying and Selling

In related news, insider Jeffrey Myers sold 110,885 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $62.33, for a total transaction of $6,911,462.05. Following the completion of the sale, the insider directly owned 142,553 shares of the company's stock, valued at approximately $8,885,328.49. This trade represents a 43.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Dean Brown acquired 1,500 shares of the firm's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $58.39 per share, with a total value of $87,585.00. Following the completion of the acquisition, the insider owned 427,821 shares in the company, valued at $24,980,468.19. This represents a 0.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 323,474 shares of company stock valued at $19,908,918. 3.75% of the stock is owned by corporate insiders.

Travel + Leisure Trading Down 1.4%

Shares of Travel + Leisure stock traded down $0.85 on Friday, reaching $58.40. 798,445 shares of the stock were exchanged, compared to its average volume of 777,308. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $63.31. The business has a fifty day moving average price of $53.68 and a two-hundred day moving average price of $50.90. The firm has a market capitalization of $3.79 billion, a PE ratio of 10.07, a PEG ratio of 0.56 and a beta of 1.43.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. Research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a $0.56 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 3.8%. Travel + Leisure's dividend payout ratio is presently 38.62%.

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.