Travel + Leisure Co. $TNL Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC increased its stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 362.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 175,221 shares of the company’s stock after purchasing an additional 137,295 shares during the period. Voya Investment Management LLC owned approximately 0.26% of Travel + Leisure worth $8,111,000 at the end of the most recent reporting period.

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A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TNL. Elequin Capital LP purchased a new position in shares of Travel + Leisure during the first quarter worth $30,000. Geneos Wealth Management Inc. lifted its stake in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after acquiring an additional 715 shares in the last quarter. UMB Bank n.a. boosted its holdings in Travel + Leisure by 54.0% during the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company’s stock valued at $54,000 after acquiring an additional 409 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Travel + Leisure in the 1st quarter valued at about $54,000. Finally, Rossby Financial LCC acquired a new position in Travel + Leisure in the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TNL shares. JMP Securities increased their price target on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 24th. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, August 23rd. Mizuho upgraded shares of Travel + Leisure from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $63.00 to $72.00 in a research note on Thursday, July 24th. Finally, Barclays upped their price objective on Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.30.

Check Out Our Latest Report on TNL

Travel + Leisure Trading Down 1.0%

Shares of TNL stock opened at $61.06 on Thursday. The company has a market cap of $3.96 billion, a P/E ratio of 10.53, a PEG ratio of 0.60 and a beta of 1.44. The firm has a fifty day moving average price of $60.52 and a 200 day moving average price of $52.32. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $64.11.

Travel + Leisure (NYSE:TNL – Get Free Report) last announced its quarterly earnings results 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). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm earned $1.52 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. On average, equities analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, September 12th. Travel + Leisure’s dividend payout ratio is currently 38.62%.

Insider Activity at Travel + Leisure

In related news, insider Michael Dean Brown acquired 1,500 shares of Travel + Leisure stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of $58.39 per share, for a total transaction of $87,585.00. Following the transaction, the insider owned 427,821 shares of the company’s stock, valued at $24,980,468.19. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Herrera sold 2,200 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total transaction of $133,056.00. Following the completion of the transaction, the director directly owned 559 shares in the company, valued at $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. Insiders have sold 320,174 shares of company stock valued at $19,765,874 in the last quarter. Company insiders own 3.75% of the company’s stock.

About Travel + Leisure

(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.