Deutsche Bank AG raised its position in Travel + Leisure Co. (NYSE:TNL – Free Report) by 620.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 37,049 shares of the company’s stock after acquiring an additional 31,910 shares during the period. Deutsche Bank AG owned approximately 0.06% of Travel + Leisure worth $1,715,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TNL. Capital Analysts LLC lifted its position in Travel + Leisure by 16.8% during the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock valued at $80,000 after buying an additional 227 shares in the last quarter. KBC Group NV lifted its position in shares of Travel + Leisure by 8.1% during the first quarter. KBC Group NV now owns 3,128 shares of the company’s stock worth $145,000 after purchasing an additional 235 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Travel + Leisure by 3.0% in the first quarter. Cetera Investment Advisers now owns 10,789 shares of the company’s stock worth $499,000 after buying an additional 317 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Travel + Leisure by 54.0% in the first quarter. UMB Bank n.a. now owns 1,166 shares of the company’s stock worth $54,000 after buying an additional 409 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Travel + Leisure by 26.6% in the first quarter. GAMMA Investing LLC now owns 2,044 shares of the company’s stock worth $95,000 after buying an additional 429 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
TNL has been the subject of several recent research reports. JMP Securities boosted their target price on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a research note on Thursday, July 24th. Barclays upped their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, July 24th. Mizuho raised shares of Travel + Leisure from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. Finally, Wall Street Zen raised shares of Travel + Leisure from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.30.
Get Our Latest Research Report on TNL
Insiders Place Their Bets
In other news, insider Geoffrey Richards sold 124,454 shares of Travel + Leisure stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the sale, the insider directly owned 118,718 shares of the company’s stock, valued at approximately $7,426,998.08. This trade represents a 51.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George Herrera sold 2,200 shares of Travel + Leisure stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total value of $133,056.00. Following the sale, the director directly owned 559 shares in the company, valued at $33,808.32. The trade was a 79.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 320,174 shares of company stock worth $19,765,874 in the last quarter. Company insiders own 3.75% of the company’s stock.
Travel + Leisure Stock Performance
Shares of NYSE TNL opened at $59.2560 on Friday. The stock has a market cap of $3.85 billion, a PE ratio of 10.22, a PEG ratio of 0.56 and a beta of 1.43. The business has a fifty day moving average of $56.62 and a two-hundred day moving average of $51.50. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $63.31.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. Travel + Leisure’s revenue for the quarter was up 3.4% compared to the same quarter last year. Analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, September 12th. Travel + Leisure’s dividend payout ratio is 38.62%.
Travel + Leisure Company 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.
See Also
Want to see what other hedge funds are holding TNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travel + Leisure Co. (NYSE:TNL – Free Report).
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