Foster & Motley Inc. Purchases 34,375 Shares of Travel + Leisure Co. $TNL

Key Points

• Foster & Motley Inc. increased its holdings in Travel + Leisure Co. by 31.3%, acquiring an additional 34,375 shares, bringing its total ownership to 144,091 shares valued at approximately $7.4 million.
• Travel + Leisure's recent quarterly earnings reported a EPS of $1.65 which missed analysts' expectations by $0.01, but revenue rose by 3.4% year-over-year to $1.02 billion.
• The company declared a quarterly dividend of $0.56 per share, resulting in a dividend yield of 3.7% and a payout ratio of 38.62%.

Foster & Motley Inc. increased its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 31.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 144,091 shares of the company's stock after acquiring an additional 34,375 shares during the period. Foster & Motley Inc. owned about 0.22% of Travel + Leisure worth $7,437,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of Travel + Leisure by 28.3% during the 1st quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company's stock valued at $83,241,000 after purchasing an additional 403,418 shares in the last quarter. Northern Trust Corp boosted its position in shares of Travel + Leisure by 3.3% during the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Travel + Leisure by 8.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company's stock valued at $46,039,000 after purchasing an additional 79,430 shares in the last quarter. LSV Asset Management boosted its position in shares of Travel + Leisure by 37.7% during the 1st quarter. LSV Asset Management now owns 956,109 shares of the company's stock valued at $44,258,000 after purchasing an additional 261,528 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Travel + Leisure during the 1st quarter valued at about $41,114,000. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Up 0.1%

Shares of Travel + Leisure stock opened at $60.05 on Friday. The company has a market cap of $3.90 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 0.58 and a beta of 1.47. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $64.11. The business has a 50 day moving average price of $61.06 and a 200-day moving average price of $54.02.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. As a group, research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, September 12th. Travel + Leisure's dividend payout ratio (DPR) is presently 38.62%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown purchased 1,500 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average cost of $58.39 per share, with a total value of $87,585.00. Following the completion of the transaction, the insider owned 427,821 shares of the company's stock, valued at $24,980,468.19. The trade was a 0.35% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, the insider directly owned 142,553 shares of the company's stock, 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. Insiders sold a total of 299,389 shares of company stock valued at $18,567,207 in the last ninety days. Insiders own 3.75% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on TNL. Weiss Ratings restated a "buy (b)" rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. Barclays upped their target price on Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. Wall Street Zen lowered Travel + Leisure from a "buy" rating to a "hold" rating in a research report on Saturday. JMP Securities upped their target price on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 24th. Finally, Mizuho raised Travel + Leisure from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.

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