Optas LLC Invests $225,000 in Travel + Leisure Co. $TNL

Optas LLC purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,353 shares of the company's stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of Travel + Leisure by 17.8% during the second quarter. Parallel Advisors LLC now owns 1,202 shares of the company's stock worth $62,000 after purchasing an additional 182 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Travel + Leisure by 10.8% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock worth $117,000 after purchasing an additional 220 shares in the last quarter. KBC Group NV boosted its position in shares of Travel + Leisure by 8.1% during the first quarter. KBC Group NV now owns 3,128 shares of the company's stock worth $145,000 after purchasing 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 worth $499,000 after purchasing an additional 317 shares in the last quarter. 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 worth $54,000 after purchasing an additional 409 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TNL has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Travel + Leisure from a "hold" rating to a "buy" rating in a research report on Saturday, September 20th. JMP Securities boosted their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research report 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 company from $63.00 to $72.00 in a research report on Thursday, July 24th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Travel + Leisure in a research report on Wednesday. Finally, Barclays boosted their price objective on shares of Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of "Moderate Buy" and a consensus price target of $62.30.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Jeffrey Myers sold 110,885 shares of Travel + Leisure stock in a transaction 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 in the company, valued at approximately $8,885,328.49. The trade was a 43.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Michael Duncan sold 8,201 shares of Travel + Leisure stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $62.24, for a total transaction of $510,430.24. Following the completion of the sale, the chief accounting officer owned 20,000 shares in the company, valued at $1,244,800. The trade was a 29.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 299,389 shares of company stock worth $18,567,207. 3.75% of the stock is owned by insiders.

Travel + Leisure Trading Down 2.4%

Shares of TNL stock opened at $58.09 on Friday. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $64.11. The firm's fifty day moving average price is $60.97 and its two-hundred day moving average price is $53.56. The firm has a market capitalization of $3.77 billion, a P/E ratio of 10.02, a PEG ratio of 0.58 and a beta of 1.47.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued 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). Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The firm's quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, September 12th. Travel + Leisure's payout ratio is presently 38.62%.

Travel + Leisure Profile

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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