Ranmore Fund Management Ltd grew its position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 621.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 255,000 shares of the company’s stock after buying an additional 219,637 shares during the period. Travel + Leisure comprises 7.1% of Ranmore Fund Management Ltd’s portfolio, making the stock its 8th largest position. Ranmore Fund Management Ltd owned 0.38% of Travel + Leisure worth $11,804,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in Travel + Leisure by 1.0% during the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock worth $986,000 after buying an additional 200 shares during the last quarter. Capital Analysts LLC raised its position in shares of Travel + Leisure by 16.8% during the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock worth $80,000 after purchasing an additional 227 shares during the period. KBC Group NV raised its position in shares of Travel + Leisure by 8.1% during the 1st quarter. KBC Group NV now owns 3,128 shares of the company’s stock worth $145,000 after purchasing an additional 235 shares during the period. Cetera Investment Advisers raised its position in shares of Travel + Leisure by 3.0% during the 1st quarter. Cetera Investment Advisers now owns 10,789 shares of the company’s stock worth $499,000 after purchasing an additional 317 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Travel + Leisure by 54.0% during the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company’s stock worth $54,000 after purchasing an additional 409 shares during the period. Institutional investors own 87.54% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on TNL shares. Wall Street Zen upgraded Travel + Leisure from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th. The Goldman Sachs Group dropped their price target on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Morgan Stanley dropped their price target 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. Barclays increased their price target on Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, July 24th. Finally, JMP Securities raised their target price on Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus target price of $62.30.
Check Out Our Latest Stock Analysis on TNL
Travel + Leisure Stock Performance
Shares of TNL stock opened at $58.03 on Tuesday. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $63.31. The stock has a market cap of $3.77 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 0.57 and a beta of 1.43. The business’s fifty day moving average is $54.94 and its 200-day moving average is $51.15.
Travel + Leisure (NYSE:TNL – Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.
Travel + Leisure Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.56 per share. The ex-dividend date was Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 3.9%. Travel + Leisure’s dividend payout ratio (DPR) is 38.62%.
Insider Activity at Travel + Leisure
In other news, CAO Thomas Michael Duncan sold 8,201 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer directly owned 20,000 shares of the company’s stock, valued at $1,244,800. This trade represents a 29.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Geoffrey Richards sold 124,454 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $62.56, for a total value 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 represents a 51.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 317,974 shares of company stock worth $19,632,818 in the last quarter. Company insiders own 3.75% of the company’s stock.
About Travel + Leisure
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 and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. 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.
Enter your email address and we’ll send you MarketBeat’s list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
