Prevail Innovative Wealth Advisors LLC Has $599,000 Stock Position in Travel + Leisure Co. (NYSE:TNL)

Prevail Innovative Wealth Advisors LLC grew its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 203.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,943 shares of the company's stock after buying an additional 8,679 shares during the quarter. Prevail Innovative Wealth Advisors LLC's holdings in Travel + Leisure were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Invesco Ltd. raised its position in shares of Travel + Leisure by 4.8% during the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after buying an additional 163,804 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Travel + Leisure by 4.3% in the 4th quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company's stock worth $71,358,000 after purchasing an additional 58,944 shares during the last quarter. Northern Trust Corp grew its stake in shares of Travel + Leisure by 9.6% in the 4th quarter. Northern Trust Corp now owns 1,036,703 shares of the company's stock worth $52,302,000 after purchasing an additional 90,553 shares during the last quarter. Norges Bank acquired a new position in shares of Travel + Leisure in the 4th quarter worth approximately $45,804,000. Finally, Nuveen Asset Management LLC grew its stake in shares of Travel + Leisure by 25.1% in the 4th quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company's stock worth $45,299,000 after purchasing an additional 180,059 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Stock Down 0.3%

Shares of Travel + Leisure stock traded down $0.15 during trading on Friday, hitting $56.44. The stock had a trading volume of 99,806 shares, compared to its average volume of 646,636. The stock has a 50 day simple moving average of $51.34 and a 200 day simple moving average of $50.17. The company has a market capitalization of $3.75 billion, a PE ratio of 9.41, a P/E/G ratio of 0.55 and a beta of 1.38. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01. The business had revenue of $934.00 million during the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. As a group, equities analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure's dividend payout ratio is currently 37.40%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group lowered their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Barclays lowered their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Insider Activity at Travel + Leisure

In related news, insider Jeffrey Myers sold 13,922 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $58.00, for a total transaction of $807,476.00. Following the completion of the sale, the insider directly owned 165,890 shares in the company, valued at approximately $9,621,620. This trade represents a 7.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Denny Marie Post sold 5,500 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total transaction of $276,100.00. Following the sale, the director owned 4,477 shares of the company's stock, valued at approximately $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,285 shares of company stock valued at $1,474,767. 3.75% of the stock is currently owned by corporate insiders.

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.