Travel + Leisure Co. (NYSE:TNL) Stake Boosted by Cwm LLC

CWM LLC raised its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 50.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,616 shares of the company's stock after purchasing an additional 7,240 shares during the period. CWM LLC's holdings in Travel + Leisure were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in Travel + Leisure by 210.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company's stock valued at $1,666,000 after purchasing an additional 24,329 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Travel + Leisure in the first quarter worth about $261,000. GAMMA Investing LLC boosted its holdings in Travel + Leisure by 26.6% during the first quarter. GAMMA Investing LLC now owns 2,044 shares of the company's stock valued at $95,000 after purchasing an additional 429 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Travel + Leisure by 53.1% during the 1st quarter. Crossmark Global Holdings Inc. now owns 68,355 shares of the company's stock worth $3,164,000 after buying an additional 23,700 shares in the last quarter. Finally, Atlas Capital Advisors Inc. increased its holdings in Travel + Leisure by 1,141.0% during the 4th quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company's stock worth $594,000 after purchasing an additional 10,817 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Stock Performance

Shares of NYSE:TNL traded up $1.19 during trading hours on Tuesday, hitting $58.04. 700,696 shares of the company's stock traded hands, compared to its average volume of 649,715. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 0.55 and a beta of 1.38. The company's fifty day simple moving average is $51.53 and its two-hundred day simple moving average is $50.22.

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

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.56 per share. The ex-dividend date was Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a yield of 3.86%. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

Insider Activity at Travel + Leisure

In other news, Director Denny Marie Post sold 5,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $50.20, for a total transaction of $276,100.00. Following the completion of the sale, the director owned 4,477 shares in the company, valued at approximately $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Myers sold 13,922 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $58.00, for a total transaction of $807,476.00. Following the completion of the transaction, the insider owned 165,890 shares of the company's stock, valued at approximately $9,621,620. This trade represents a 7.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,285 shares of company stock worth $1,474,767. Company insiders own 3.75% of the company's stock.

Analyst Ratings Changes

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

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.