Oak Thistle LLC Has $1.84 Million Position in Travel + Leisure Co. (NYSE:TNL)

Oak Thistle LLC grew its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 55.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,798 shares of the company's stock after purchasing an additional 14,266 shares during the quarter. Oak Thistle LLC owned about 0.06% of Travel + Leisure worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TNL. Natixis bought a new position in shares of Travel + Leisure during the 4th quarter valued at $37,000. UMB Bank n.a. grew its stake in Travel + Leisure by 54.0% in the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock valued at $54,000 after buying an additional 409 shares during the last quarter. Rossby Financial LCC acquired a new position in Travel + Leisure in the 1st quarter valued at $55,000. Canada Pension Plan Investment Board grew its stake in Travel + Leisure by 333.3% in the 4th quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock valued at $66,000 after buying an additional 1,000 shares during the last quarter. Finally, Capital Analysts LLC grew its stake in Travel + Leisure by 16.8% in the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock valued at $80,000 after buying an additional 227 shares during the last quarter. Institutional investors own 87.54% of the company's stock.

Insider Activity

In other news, insider Kimberly Marshall sold 16,500 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $60.00, for a total value of $990,000.00. Following the sale, the insider owned 56,736 shares of the company's stock, valued at $3,404,160. The trade was a 22.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Geoffrey Richards sold 9,109 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $59.53, for a total transaction of $542,258.77. Following the sale, the insider directly owned 27,004 shares in the company, valued at $1,607,548.12. This trade represents a 25.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 199,020 shares of company stock valued at $12,123,076. 3.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TNL. JMP Securities raised their price target on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Thursday. Morgan Stanley decreased their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. The Goldman Sachs Group decreased their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Barclays raised their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday. Finally, Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $63.00 to $72.00 in a research report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $62.27.

Travel + Leisure Trading Up 2.2%

TNL stock traded up $1.37 during trading on Friday, hitting $63.07. 1,050,336 shares of the stock traded hands, compared to its average volume of 695,821. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $63.28. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 0.60 and a beta of 1.38. The company has a 50 day simple moving average of $52.01 and a 200 day simple moving average of $50.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm posted $1.52 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. As a group, analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure's dividend payout ratio is currently 37.40%.

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.