PharVision Advisers LLC Has $216,000 Stock Position in Travel + Leisure Co. $TNL

Key Points

• PharVision Advisers LLC has reduced its stake in Travel + Leisure Co. (NYSE:TNL) by 66.9%, now holding 4,668 shares valued at $216,000 after selling 9,456 shares in the first quarter.
• Insider Jeffrey Myers and Geoffrey Richards sold significant portions of their stock, with Myers selling 110,885 shares and Richards selling 124,454 shares, marking decreases of 43.75% and 51.18% in their ownership, respectively.
• Travel + Leisure Co. is facing a 1.3% decline in stock price and recently reported earnings of $1.65 per share, missing analysts' expectations by $0.01.

PharVision Advisers LLC lessened its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 66.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,668 shares of the company's stock after selling 9,456 shares during the period. PharVision Advisers LLC's holdings in Travel + Leisure were worth $216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Millennium Management LLC lifted its stake in shares of Travel + Leisure by 129.5% in the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company's stock valued at $19,141,000 after purchasing an additional 233,345 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Travel + Leisure in the 1st quarter valued at $396,000. Hancock Whitney Corp lifted its stake in shares of Travel + Leisure by 1.5% in the 1st quarter. Hancock Whitney Corp now owns 45,701 shares of the company's stock valued at $2,116,000 after purchasing an additional 662 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Travel + Leisure by 28.3% in 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 during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of Travel + Leisure by 165.4% in the 1st quarter. Advisors Asset Management Inc. now owns 2,277 shares of the company's stock valued at $105,000 after purchasing an additional 1,419 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Insider Activity

In related news, insider Kimberly Marshall sold 16,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $60.00, for a total transaction of $990,000.00. Following the completion of the transaction, the insider directly owned 56,736 shares in the company, valued at $3,404,160. This represents a 22.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Geoffrey Richards sold 124,454 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the transaction, the insider owned 118,718 shares of the company's stock, valued at approximately $7,426,998.08. The trade was a 51.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 320,174 shares of company stock worth $19,765,874. Corporate insiders own 3.75% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TNL shares. Wall Street Zen lowered shares of Travel + Leisure from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $63.00 to $72.00 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 stock an "underweight" rating in a report on Thursday, July 24th. Finally, JMP Securities upped their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Travel + Leisure Trading Down 0.9%

NYSE:TNL traded down $0.58 during trading hours on Friday, hitting $62.06. 223,358 shares of the company traded hands, compared to its average volume of 689,960. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 0.60 and a beta of 1.44. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $64.11. The firm has a 50-day moving average of $60.10 and a 200 day moving average of $52.16.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its 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). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. Travel + Leisure's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 earnings per share. Equities research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, September 12th. Travel + Leisure's dividend payout ratio is presently 38.62%.

Travel + Leisure Company 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.