Vista Investment Partners LLC Acquires 43,701 Shares of Travel + Leisure Co. $TNL

Key Points

• Vista Investment Partners LLC increased its stake in Travel + Leisure Co. by 95.1% during Q2, acquiring an additional 43,701 shares and totaling 89,658 shares which represents 1.3% of their holdings.
• Travel + Leisure recently declared a quarterly dividend of $0.56 per share, with a dividend yield of 3.7%, set for payment on September 30th.
• Analysts have varied opinions on Travel + Leisure, with multiple upgrades in price targets and a consensus average rating of "Moderate Buy" at an average price target of $62.30.

Vista Investment Partners LLC raised its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 95.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,658 shares of the company's stock after buying an additional 43,701 shares during the period. Travel + Leisure makes up about 1.3% of Vista Investment Partners LLC's investment portfolio, making the stock its 25th largest holding. Vista Investment Partners LLC owned approximately 0.13% of Travel + Leisure worth $4,627,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TNL. Nuveen LLC purchased a new position in shares of Travel + Leisure during the first quarter valued at $41,114,000. AQR Capital Management LLC grew its holdings in shares of Travel + Leisure by 28.3% during the 1st quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company's stock valued at $83,241,000 after acquiring an additional 403,418 shares in the last quarter. LSV Asset Management grew its holdings in shares of Travel + Leisure by 37.7% during the 1st quarter. LSV Asset Management now owns 956,109 shares of the company's stock valued at $44,258,000 after acquiring an additional 261,528 shares in the last quarter. Millennium Management LLC boosted its holdings in Travel + Leisure by 129.5% in the first quarter. Millennium Management LLC now owns 413,505 shares of the company's stock worth $19,141,000 after purchasing an additional 233,345 shares in the last quarter. Finally, Ranmore Fund Management Ltd boosted its holdings in Travel + Leisure by 621.1% in the first quarter. Ranmore Fund Management Ltd now owns 255,000 shares of the company's stock worth $11,804,000 after purchasing an additional 219,637 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 2,200 shares of the stock in a transaction that occurred 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 sale, the director directly owned 559 shares of the company's stock, valued at $33,808.32. This represents a 79.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Michael Duncan sold 8,201 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $62.24, for a total transaction of $510,430.24. Following the sale, the chief accounting officer directly owned 20,000 shares in the company, valued at $1,244,800. This trade represents a 29.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 320,174 shares of company stock valued at $19,765,874 over the last three months. Insiders own 3.75% of the company's stock.

Travel + Leisure Stock Performance

Travel + Leisure stock traded down $0.34 during trading hours on Monday, hitting $60.70. 215,106 shares of the stock were exchanged, compared to its average volume of 689,505. The stock has a market capitalization of $3.94 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.59 and a beta of 1.44. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $64.11. The business's 50-day moving average is $60.67 and its two-hundred day moving average is $52.39.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.Travel + Leisure's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 earnings per share. On average, equities analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TNL shares. JMP Securities upped 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. Wall Street Zen upgraded shares of Travel + Leisure from a "hold" rating to a "buy" rating in a report on Saturday. Mizuho upgraded shares of 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. Finally, Barclays upped 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. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.