Travel + Leisure Co. $TNL Shares Bought by LPL Financial LLC

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

LPL Financial LLC raised its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 39.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,010 shares of the company's stock after purchasing an additional 15,027 shares during the period. LPL Financial LLC owned 0.08% of Travel + Leisure worth $2,454,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Natixis purchased a new stake in shares of Travel + Leisure in the fourth quarter valued at about $37,000. UMB Bank n.a. lifted its holdings in shares of Travel + Leisure by 54.0% in the first 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 in the last quarter. Rossby Financial LCC purchased a new stake in shares of Travel + Leisure in the first quarter valued at about $55,000. Canada Pension Plan Investment Board lifted its holdings in shares of Travel + Leisure by 333.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock valued at $66,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Capital Analysts LLC lifted its holdings in shares of Travel + Leisure by 16.8% in the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock valued at $80,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insider Activity

In other news, insider Geoffrey Richards sold 124,454 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $62.56, for a total value of $7,785,842.24. Following the completion of the sale, the insider owned 118,718 shares of the company's stock, valued at $7,426,998.08. This represents a 51.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Herrera sold 2,200 shares of the stock in a transaction 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 sale, the director directly owned 559 shares of the company's stock, valued at $33,808.32. The trade was a 79.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 320,174 shares of company stock valued at $19,765,874 in the last ninety days. 3.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JMP Securities upped their price target on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a report on Thursday, July 24th. Barclays upped their price objective 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. Wall Street Zen downgraded shares of Travel + Leisure from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.30.

Travel + Leisure Price Performance

TNL stock traded up $3.1080 on Friday, hitting $62.3680. 945,786 shares of the company were exchanged, compared to its average volume of 706,994. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $63.31. The business's fifty day moving average is $56.91 and its two-hundred day moving average is $51.53. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 0.60 and a beta of 1.43.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $1.52 EPS. The business's revenue for the quarter was up 3.4% on a year-over-year basis. Equities research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Announces Dividend

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