Travel + Leisure Co. $TNL Shares Purchased by Cwm LLC

Key Points

• Cwm LLC significantly increased its holdings in Travel + Leisure Co. by 83.4%, now owning 39,640 shares valued at approximately $2,046,000.
• Travel + Leisure reported quarterly earnings of $1.65 per share, slightly missing estimates, but revenue rose 3.4% year-over-year to $1.02 billion.
• The company declared a quarterly dividend of $0.56, resulting in an annualized dividend yield of 3.7%.

Cwm LLC lifted its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 83.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,640 shares of the company's stock after purchasing an additional 18,024 shares during the quarter. Cwm LLC owned about 0.06% of Travel + Leisure worth $2,046,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in Travel + Leisure by 17.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,202 shares of the company's stock worth $62,000 after acquiring an additional 182 shares during the period. GAMMA Investing LLC lifted its position in Travel + Leisure by 10.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,264 shares of the company's stock worth $117,000 after acquiring an additional 220 shares during the period. KBC Group NV lifted its position in Travel + Leisure by 8.1% during the 1st quarter. KBC Group NV now owns 3,128 shares of the company's stock worth $145,000 after acquiring an additional 235 shares during the period. IFP Advisors Inc lifted its position in Travel + Leisure by 9.5% during the 2nd quarter. IFP Advisors Inc now owns 3,008 shares of the company's stock worth $155,000 after acquiring an additional 262 shares during the period. Finally, Cetera Investment Advisers lifted its position in Travel + Leisure by 3.0% during the 1st quarter. Cetera Investment Advisers now owns 10,789 shares of the company's stock worth $499,000 after acquiring an additional 317 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Stock Up 0.1%

Shares of Travel + Leisure stock opened at $60.05 on Monday. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $64.11. The business has a 50-day moving average price of $61.06 and a 200 day moving average price of $54.14. The firm has a market cap of $3.90 billion, a PE ratio of 10.35, a P/E/G ratio of 0.58 and a beta of 1.47.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. Travel + Leisure's revenue for the quarter was up 3.4% on a year-over-year basis. On average, sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, September 12th. Travel + Leisure's payout ratio is currently 38.62%.

Analyst Ratings Changes

A number of brokerages have commented on TNL. JMP Securities lifted their price target on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 24th. Weiss Ratings reiterated a "buy (b)" rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. Wall Street Zen lowered Travel + Leisure from a "buy" rating to a "hold" rating in a research note on Saturday. Finally, Barclays lifted their price objective on Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $62.30.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total transaction of $133,056.00. Following the completion of the sale, the director directly owned 559 shares in the company, valued at approximately $33,808.32. The trade was a 79.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Geoffrey Richards sold 124,454 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $62.56, for a total value of $7,785,842.24. Following the sale, the insider owned 118,718 shares of the company's stock, 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. Insiders sold 299,389 shares of company stock worth $18,567,207 in the last quarter. Corporate insiders own 3.75% of the company's stock.

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.

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