Dynamic Technology Lab Private Ltd purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 56,621 shares of the company’s stock, valued at approximately $2,621,000. Travel + Leisure accounts for about 0.4% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 29th largest position. Dynamic Technology Lab Private Ltd owned approximately 0.09% of Travel + Leisure at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Elequin Capital LP purchased a new position in Travel + Leisure during the first quarter worth approximately $30,000. UMB Bank n.a. grew its stake in Travel + Leisure by 54.0% during 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 period. N.E.W. Advisory Services LLC purchased a new stake in Travel + Leisure during the first quarter worth approximately $54,000. Rossby Financial LCC purchased a new stake in Travel + Leisure during the first quarter worth approximately $55,000. Finally, Covestor Ltd grew its stake in Travel + Leisure by 785.8% during the first quarter. Covestor Ltd now owns 1,869 shares of the company’s stock worth $87,000 after buying an additional 1,658 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, July 24th. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, August 23rd. Mizuho upgraded shares of Travel + Leisure from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $63.00 to $72.00 in a research note on Thursday, July 24th. Finally, JMP Securities boosted their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.30.
Read Our Latest Stock Analysis on TNL
Travel + Leisure Stock Down 1.3%
TNL opened at $62.66 on Friday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 10.80, a P/E/G ratio of 0.60 and a beta of 1.44. The firm’s 50 day moving average is $59.46 and its 200-day moving average is $51.96. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $64.12.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 EPS. Equities analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.
Travel + Leisure Announces Dividend
The firm also recently announced 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 3.6%. The ex-dividend date is Friday, September 12th. Travel + Leisure’s dividend payout ratio is 38.62%.
Insider Activity at Travel + Leisure
In other news, CAO Thomas Michael Duncan sold 8,201 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $62.24, for a total transaction of $510,430.24. Following the completion of the transaction, the chief accounting officer directly owned 20,000 shares in the company, valued at approximately $1,244,800. This represents a 29.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $133,056.00. Following the transaction, the director owned 559 shares of the company’s stock, valued at approximately $33,808.32. This trade represents a 79.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 320,174 shares of company stock worth $19,765,874. 3.75% of the stock is currently owned by insiders.
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.
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