Voya Investment Management LLC Has $8.11 Million Stock Position in Travel + Leisure Co. $TNL

Key Points

• Voya Investment Management LLC increased its stake in Travel + Leisure Co. by 362%, holding approximately 0.26% of the company valued at over $8 million after acquiring additional shares in the first quarter.
• Analysts' ratings for Travel + Leisure vary with JMP Securities raising the price target from $60.00 to $70.00, while Wall Street Zen downgraded the stock from "buy" to "hold"; the consensus rating remains a "Moderate Buy".
• The company recently declared a quarterly dividend of $0.56 per share, representing an annualized yield of 3.7%, scheduled for payment on September 30th.

Voya Investment Management LLC raised its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 362.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,221 shares of the company's stock after purchasing an additional 137,295 shares during the period. Voya Investment Management LLC owned approximately 0.26% of Travel + Leisure worth $8,111,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Elequin Capital LP bought a new stake in shares of Travel + Leisure during the 1st quarter worth approximately $30,000. Geneos Wealth Management Inc. lifted its holdings in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock worth $44,000 after acquiring an additional 715 shares during the period. UMB Bank n.a. lifted its holdings in shares of Travel + Leisure by 54.0% during the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after acquiring an additional 409 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Travel + Leisure during the 1st quarter worth approximately $54,000. Finally, Rossby Financial LCC bought a new stake in shares of Travel + Leisure during the 1st quarter worth approximately $55,000. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Trading Down 0.8%

NYSE:TNL traded down $0.51 during trading hours on Friday, hitting $61.00. 1,391,414 shares of the company were exchanged, compared to its average volume of 582,396. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.44. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $64.11. The company has a fifty day simple moving average of $60.67 and a 200 day simple moving average of $52.41.

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 firm 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 business earned $1.52 EPS. Travel + Leisure's quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JMP Securities increased their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research note on Thursday, July 24th. Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. Barclays increased their price objective on shares of Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised shares of Travel + Leisure from a "hold" rating to a "buy" rating in a research note on Saturday. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $62.30.

Insider Buying and Selling at Travel + Leisure

In related news, Director George Herrera sold 2,200 shares of Travel + Leisure stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total transaction of $133,056.00. Following the completion of the transaction, the director owned 559 shares of the company's stock, valued at $33,808.32. This trade represents a 79.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Geoffrey Richards sold 124,454 shares of Travel + Leisure stock in a transaction 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 transaction, the insider directly owned 118,718 shares of the company's stock, valued at $7,426,998.08. This represents a 51.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 320,174 shares of company stock valued at $19,765,874 over the last three months. 3.75% of the stock is currently owned by corporate insiders.

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.