Graham Capital Management L.P. Has $626,000 Stock Position in Travel + Leisure Co. (NYSE:TNL)

Graham Capital Management L.P. decreased its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 58.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,405 shares of the company's stock after selling 17,760 shares during the period. Graham Capital Management L.P.'s holdings in Travel + Leisure were worth $626,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC lifted its position in shares of Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after buying an additional 100,440 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Travel + Leisure by 182.9% in the third quarter. Franklin Resources Inc. now owns 51,216 shares of the company's stock worth $2,337,000 after acquiring an additional 33,111 shares during the last quarter. Oak Thistle LLC acquired a new position in Travel + Leisure in the fourth quarter valued at approximately $1,288,000. Diversify Advisory Services LLC bought a new position in shares of Travel + Leisure during the fourth quarter valued at approximately $258,000. Finally, UMB Bank n.a. lifted its holdings in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after purchasing an additional 204 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travel + Leisure news, insider Michael Dean Brown bought 2,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now directly owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. The trade was a 0.49% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $276,100.00. Following the transaction, the director now directly owns 4,477 shares in the company, valued at $224,745.40. The trade was a 55.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company's stock.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock traded down $0.86 during trading on Tuesday, hitting $49.96. The stock had a trading volume of 100,380 shares, compared to its average volume of 685,657. The business has a fifty day moving average of $45.39 and a two-hundred day moving average of $50.64. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $58.95. The firm has a market cap of $3.32 billion, a P/E ratio of 8.57, a PEG ratio of 0.67 and a beta of 1.41.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.01. The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business's revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. As a group, research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.56 dividend. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio is currently 37.40%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and increased their target price for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. The Goldman Sachs Group dropped their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Mizuho reissued a "neutral" rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Tigress Financial boosted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Finally, Morgan Stanley lowered their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.20.

Travel + Leisure Profile

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.