Captrust Financial Advisors Raises Stock Position in Travel + Leisure Co. (NYSE:TNL)

Captrust Financial Advisors increased its stake in Travel + Leisure Co. (NYSE:TNL – Free Report) by 29.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,303 shares of the company’s stock after acquiring an additional 1,445 shares during the period. Captrust Financial Advisors’ holdings in Travel + Leisure were worth $318,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Caxton Associates LP grew its position in Travel + Leisure by 96.3% in the 4th quarter. Caxton Associates LP now owns 32,566 shares of the company’s stock worth $1,643,000 after purchasing an additional 15,974 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Travel + Leisure in the 4th quarter valued at about $233,000. Baker Avenue Asset Management LP lifted its position in shares of Travel + Leisure by 0.5% in the 4th quarter. Baker Avenue Asset Management LP now owns 121,078 shares of the company’s stock worth $6,108,000 after purchasing an additional 645 shares during the period. BNP Paribas Financial Markets purchased a new stake in Travel + Leisure during the fourth quarter valued at approximately $2,684,000. Finally, Ameriprise Financial Inc. lifted its position in Travel + Leisure by 1.8% during the fourth quarter. Ameriprise Financial Inc. now owns 327,217 shares of the company’s stock valued at $16,508,000 after acquiring an additional 5,764 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travel + Leisure

In related news, insider Michael Dean Brown purchased 2,000 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $46.66 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Denny Marie Post sold 5,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $50.20, for a total value of $276,100.00. Following the completion of 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 position. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company’s stock.

Travel + Leisure Price Performance

Travel + Leisure stock opened at $49.67 on Wednesday. The company has a market cap of $3.30 billion, a PE ratio of 8.51, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a fifty day moving average price of $45.45 and a two-hundred day moving average price of $50.63. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95.

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

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, March 17th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.51%. Travel + Leisure’s payout ratio is 37.40%.

Wall Street Analyst Weigh In

Several analysts recently commented on TNL shares. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price target for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Tigress Financial raised their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Morgan Stanley reduced their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group reduced their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Barclays dropped their price target on shares of Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.20.

Check Out Our Latest Stock Analysis on Travel + Leisure

Travel + Leisure Profile

(Free Report)

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.