LSV Asset Management raised its stake in Travel + Leisure Co. (NYSE:TNL – Free Report) by 69.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,615,402 shares of the company’s stock after acquiring an additional 659,293 shares during the period. LSV Asset Management owned approximately 2.49% of Travel + Leisure worth $83,371,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Travel + Leisure by 8.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock worth $46,039,000 after purchasing an additional 79,430 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Travel + Leisure by 10.1% during the first quarter. Cerity Partners LLC now owns 21,529 shares of the company’s stock valued at $997,000 after buying an additional 1,980 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Travel + Leisure by 4.1% during the first quarter. Envestnet Asset Management Inc. now owns 208,929 shares of the company’s stock valued at $9,671,000 after buying an additional 8,142 shares during the last quarter. HighTower Advisors LLC increased its holdings in Travel + Leisure by 314.4% in the 1st quarter. HighTower Advisors LLC now owns 41,369 shares of the company’s stock worth $1,915,000 after buying an additional 31,387 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in Travel + Leisure by 362.0% in the 1st quarter. Voya Investment Management LLC now owns 175,221 shares of the company’s stock worth $8,111,000 after buying an additional 137,295 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of Travel + Leisure from $54.00 to $63.00 and gave the company an “underweight” rating in a report on Thursday, October 23rd. JMP Securities raised their target price on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a report on Thursday, October 23rd. Mizuho set a $86.00 target price on shares of Travel + Leisure in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.80.
Get Our Latest Stock Report on Travel + Leisure
Travel + Leisure Price Performance
Shares of Travel + Leisure stock opened at $61.31 on Tuesday. The company’s fifty day simple moving average is $61.98 and its 200-day simple moving average is $57.41. The stock has a market capitalization of $3.94 billion, a PE ratio of 10.08, a P/E/G ratio of 0.55 and a beta of 1.51. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $70.43.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.72 by $0.08. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $1.57 EPS. Travel + Leisure’s revenue was up 5.1% on a year-over-year basis. As a group, research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.7%. Travel + Leisure’s dividend payout ratio (DPR) is 36.84%.
Insider Buying and Selling
In other Travel + Leisure news, insider Geoffrey Richards sold 26,838 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $66.06, for a total value of $1,772,918.28. Following the completion of the transaction, the insider directly owned 112,777 shares in the company, valued at $7,450,048.62. This represents a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey Myers sold 50,000 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the completion of the sale, the insider directly owned 63,789 shares of the company’s stock, valued at approximately $4,234,313.82. This trade represents a 43.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 135,692 shares of company stock valued at $8,967,762 in the last 90 days. Corporate insiders own 3.75% of the company’s stock.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Travel + Leisure, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Travel + Leisure wasn’t on the list.
While Travel + Leisure currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
