Travel + Leisure Co. $TNL Shares Bought by Charles Schwab Investment Management Inc.

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. lifted its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 8.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 1.50% of Travel + Leisure worth $46,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Natixis acquired a new position in shares of Travel + Leisure during the 4th quarter valued at $37,000. UMB Bank n.a. lifted its holdings in Travel + Leisure by 54.0% in the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after buying an additional 409 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Travel + Leisure in the 1st quarter worth $54,000. Rossby Financial LCC acquired a new position in Travel + Leisure in the 1st quarter worth $55,000. Finally, Canada Pension Plan Investment Board lifted its holdings 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 worth $66,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown acquired 1,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was acquired at an average price of $58.39 per share, with a total value of $87,585.00. Following the transaction, the insider directly owned 427,821 shares in the company, valued at approximately $24,980,468.19. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Michael Duncan sold 8,201 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was 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 of the company's stock, valued at approximately $1,244,800. This trade represents a 29.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 320,174 shares of company stock worth $19,765,874. 3.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays boosted their price objective 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. Wall Street Zen upgraded shares of Travel + Leisure from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $63.00 to $72.00 in a report on Thursday, July 24th. Finally, JMP Securities boosted their price objective 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 investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.30.

Travel + Leisure Stock Up 0.9%

Shares of TNL traded up $0.5260 during midday trading on Thursday, hitting $59.2560. The company had a trading volume of 787,247 shares, compared to its average volume of 767,634. The company's 50 day moving average price is $56.62 and its 200 day moving average price is $51.50. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.56 and a beta of 1.43. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $63.31.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.14% and a negative return on equity of 47.47%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company earned $1.52 EPS. Travel + Leisure's quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 12th. Travel + Leisure's dividend payout ratio is currently 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.