Jupiter Topco LLC Takes $1.90 Million Position in Travel + Leisure Co. $TNL

Key Points

• Jupiter Topco LLC acquired 24,830 shares of Travel + Leisure Co., valued at approximately $1.90 million, during the second quarter. Institutional investors collectively own 87.54% of the company.
• Travel + Leisure reported quarterly EPS of $1.88, matching estimates, while revenue rose 4.4% year over year to $1.06 billion. The company declared a quarterly dividend of $0.60 per share, representing a 3.6% annualized yield.
• Insiders sold 87,135 shares worth approximately $6.54 million over the past three months. Despite the selling, analysts maintain a “Moderate Buy” consensus with an average price target of $87.82.

Jupiter Topco LLC acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,830 shares of the company's stock, valued at approximately $1,899,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Danske Bank A S bought a new position in Travel + Leisure in the third quarter worth approximately $30,000. Elevation Wealth Partners LLC increased its holdings in shares of Travel + Leisure by 413.3% during the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company's stock valued at $35,000 after acquiring an additional 372 shares in the last quarter. Assetmark Inc. raised its position in shares of Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company's stock worth $43,000 after purchasing an additional 191 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock worth $44,000 after purchasing an additional 715 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Travel + Leisure in the 2nd quarter worth $46,000. 87.54% of the stock is owned by institutional investors.

Insider Activity at Travel + Leisure

In related news, CAO Thomas Michael Duncan sold 20,000 shares of the firm's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the completion of the sale, the chief accounting officer owned 5,307 shares in the company, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kimberly Marshall sold 32,691 shares of Travel + Leisure stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 87,135 shares of company stock worth $6,541,139. 4.01% of the stock is currently owned by corporate insiders.

Travel + Leisure Trading Down 1.5%

Shares of Travel + Leisure stock opened at $66.24 on Friday. The business's fifty day simple moving average is $74.14 and its 200 day simple moving average is $72.00. Travel + Leisure Co. has a 12 month low of $58.07 and a 12 month high of $81.00. The firm has a market capitalization of $4.05 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 0.46 and a beta of 1.15.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.88. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.65 EPS. Analysts predict that Travel + Leisure Co. will post 7.7 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 annualized dividend and a yield of 3.6%. Travel + Leisure's dividend payout ratio is presently 65.57%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Travel + Leisure in a research report on Tuesday, July 21st. Zacks Research cut shares of Travel + Leisure from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 19th. Mizuho boosted their target price on shares of Travel + Leisure from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Thursday, July 23rd. Morgan Stanley upped their target price on shares of Travel + Leisure from $83.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, August 18th. Finally, Citigroup reaffirmed a "market outperform" rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $87.82.

About Travel + Leisure

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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