Travel + Leisure Co. (NYSE:TNL) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 105.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,210 shares of the company's stock after buying an additional 38,100 shares during the quarter. Quantinno Capital Management LP owned about 0.11% of Travel + Leisure worth $3,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new position in Travel + Leisure during the fourth quarter worth about $25,000. MassMutual Private Wealth & Trust FSB lifted its position in Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after buying an additional 503 shares during the period. Natixis purchased a new position in shares of Travel + Leisure in the 4th quarter worth about $37,000. UMB Bank n.a. raised its holdings in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after purchasing an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after purchasing an additional 181 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Travel + Leisure news, 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 completion of the sale, the director now owns 4,477 shares in the company, valued at $224,745.40. This trade represents a 55.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Dean Brown acquired 2,000 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the purchase, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. This represents a 0.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.75% of the company's stock.

Travel + Leisure Stock Performance

Shares of TNL stock traded down $1.45 during trading hours on Wednesday, reaching $48.21. The company had a trading volume of 741,259 shares, compared to its average volume of 639,937. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95. The company has a market capitalization of $3.20 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The stock's fifty day simple moving average is $45.45 and its 200 day simple moving average is $50.61.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. During the same quarter last year, the firm earned $0.97 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. As a group, equities analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.56 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.65%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio (DPR) is 37.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TNL shares. Morgan Stanley cut their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Bank of America upgraded Travel + Leisure from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Tigress Financial raised their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. The Goldman Sachs Group cut their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Mizuho restated a "neutral" rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

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.