Universal Beteiligungs und Servicegesellschaft mbH Grows Holdings in Travel + Leisure Co. (NYSE:TNL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Travel + Leisure Co. by 7.9%, owning 91,290 shares valued at approximately $4.23 million after acquiring an additional 6,688 shares.
• Travel + Leisure reported a quarterly earnings per share (EPS) of $1.65, just missing expectations of $1.66, while achieving a revenue of $1.02 billion, exceeding estimates of $1.01 billion.
• Insider trading activity has been notable, with key insiders including Jeffrey Myers and CAO Thomas Michael Duncan selling shares for significant amounts, indicating possible shifts in internal confidence regarding the stock.

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 7.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,290 shares of the company's stock after purchasing an additional 6,688 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Travel + Leisure worth $4,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TNL. HighTower Advisors LLC boosted its stake in Travel + Leisure by 3.2% in the 4th quarter. HighTower Advisors LLC now owns 9,982 shares of the company's stock worth $504,000 after purchasing an additional 314 shares during the period. Commonwealth Equity Services LLC boosted its stake in Travel + Leisure by 31.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,906 shares of the company's stock worth $298,000 after purchasing an additional 1,397 shares during the period. KLP Kapitalforvaltning AS bought a new position in Travel + Leisure in the 4th quarter worth approximately $752,000. LPL Financial LLC boosted its stake in Travel + Leisure by 1.2% in the 4th quarter. LPL Financial LLC now owns 37,983 shares of the company's stock worth $1,916,000 after purchasing an additional 468 shares during the period. Finally, Norges Bank bought a new position in Travel + Leisure in the 4th quarter worth approximately $45,804,000. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Trading Down 1.8%

NYSE:TNL traded down $1.06 during midday trading on Friday, hitting $58.19. 247,623 shares of the company traded hands, compared to its average volume of 699,176. The firm's fifty day moving average is $53.47 and its 200-day moving average is $50.86. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $63.31. The firm has a market capitalization of $3.78 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.59 and a beta of 1.38.

Travel + Leisure (NYSE:TNL - Get Free Report) last released 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 company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the previous year, the company posted $1.52 EPS. The business's quarterly revenue was up 3.4% on a year-over-year basis. On average, research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, June 13th. Travel + Leisure's dividend payout ratio is presently 38.62%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the sale, the director owned 4,477 shares in the company, valued at $224,745.40. This trade represents a 55.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Thomas Michael Duncan sold 8,201 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $62.24, for a total value of $510,430.24. Following the completion of the sale, the chief accounting officer owned 20,000 shares in the company, valued at approximately $1,244,800. The trade was a 29.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 323,474 shares of company stock worth $19,908,918 in the last ninety days. Corporate insiders own 3.75% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded Travel + Leisure from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Morgan Stanley dropped their price target on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Mizuho raised Travel + Leisure from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $63.00 to $72.00 in a report on Thursday, July 24th. JMP Securities upped their price objective on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. Finally, Barclays upped their price objective on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $62.30.

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.