Charles Schwab Investment Management Inc. Has $46.04 Million Stock Holdings in Travel + Leisure Co. $TNL

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Travel + Leisure Co. by 8.7% in Q1, owning approximately $46 million worth of shares.
• A recent earnings report showed Travel + Leisure missed the consensus earnings estimate, reporting $1.65 EPS, but had revenue growth of 3.4% year-over-year.
• The firm announced a quarterly dividend of $0.56, with a yield of 3.7%, set to be paid to shareholders on September 30th, indicating a strong commitment to returning value to investors.

Charles Schwab Investment Management Inc. raised its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 8.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 994,582 shares of the company's stock after acquiring an additional 79,430 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.50% of Travel + Leisure worth $46,039,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TNL. Natixis bought a new position in Travel + Leisure during the 4th quarter valued at $37,000. UMB Bank n.a. boosted its stake in Travel + Leisure by 54.0% during the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock valued at $54,000 after acquiring an additional 409 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in Travel + Leisure during the 1st quarter valued at $54,000. Rossby Financial LCC bought a new position in Travel + Leisure during the 1st quarter valued at $55,000. Finally, Canada Pension Plan Investment Board boosted its stake in Travel + Leisure by 333.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock valued at $66,000 after acquiring an additional 1,000 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Insider Activity at Travel + Leisure

In other news, CAO Thomas Michael Duncan sold 8,201 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $62.24, for a total transaction of $510,430.24. Following the completion of the transaction, the chief accounting officer owned 20,000 shares in the company, valued at approximately $1,244,800. This trade represents a 29.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Geoffrey Richards sold 124,454 shares of Travel + Leisure stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the completion of the transaction, the insider directly owned 118,718 shares in the company, valued at approximately $7,426,998.08. This trade represents a 51.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 320,174 shares of company stock worth $19,765,874. Company insiders own 3.75% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TNL. Wall Street Zen raised shares of Travel + Leisure from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Morgan Stanley dropped their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Barclays increased their target price 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. Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $63.00 to $72.00 in a report on Thursday, July 24th. Finally, JMP Securities increased their target price 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 analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Travel + Leisure Stock Up 0.7%

Travel + Leisure stock traded up $0.4110 during trading hours on Tuesday, hitting $60.4110. 533,472 shares of the company traded hands, compared to its average volume of 696,589. The firm has a market cap of $3.92 billion, a P/E ratio of 10.42, a P/E/G ratio of 0.58 and a beta of 1.43. The firm's 50-day simple moving average is $56.06 and its two-hundred day simple moving average is $51.36. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $63.31.

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%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS. On average, equities research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th will be given a dividend of $0.56 per share. The ex-dividend date is Friday, September 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.7%. Travel + Leisure's dividend payout ratio (DPR) is 38.62%.

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.