Foster & Motley Inc. Acquires 10,616 Shares of Travel + Leisure Co. $TNL

Foster & Motley Inc. boosted its holdings in Travel + Leisure Co. (NYSE:TNL) by 6.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,895 shares of the company’s stock after buying an additional 10,616 shares during the quarter. Foster & Motley Inc.’s holdings in Travel + Leisure were worth $12,862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TNL. JPMorgan Chase & Co. raised its position in Travel + Leisure by 15.3% in the third quarter. JPMorgan Chase & Co. now owns 354,598 shares of the company’s stock valued at $21,096,000 after purchasing an additional 47,170 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Travel + Leisure during the fourth quarter worth about $11,657,000. Tudor Investment Corp ET AL acquired a new position in shares of Travel + Leisure in the third quarter valued at approximately $6,404,000. LSV Asset Management increased its stake in shares of Travel + Leisure by 1.1% in the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after buying an additional 17,377 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Travel + Leisure by 22.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 199,224 shares of the company’s stock valued at $14,051,000 after buying an additional 36,308 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

TNL has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Wells Fargo & Company decreased their price objective on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Barclays lowered their target price on Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Finally, The Goldman Sachs Group raised Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Monday, June 1st. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus target price of $85.40.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, CFO Erik D. Hoag acquired 1,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were bought at an average cost of $65.67 per share, with a total value of $65,670.00. Following the purchase, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at $65,670. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Denny Marie Post sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the sale, the director owned 1,977 shares in the company, valued at approximately $126,191.91. The trade was a 55.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 53,074 shares of company stock worth $3,907,122. Corporate insiders own 4.01% of the company’s stock.

Travel + Leisure Stock Performance

NYSE:TNL opened at $76.18 on Friday. Travel + Leisure Co. has a 52 week low of $50.43 and a 52 week high of $81.00. The firm’s fifty day moving average is $69.46 and its 200-day moving average is $71.17. The firm has a market cap of $4.76 billion, a P/E ratio of 21.40, a P/E/G ratio of 0.59 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. The business had revenue of $961.00 million during the quarter, compared to the consensus estimate of $954.80 million. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. Travel + Leisure’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 earnings per share. As a group, sell-side analysts anticipate that Travel + Leisure Co. will post 7.46 earnings per share for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be given a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.2%. Travel + Leisure’s dividend payout ratio (DPR) is 67.42%.

Travel + Leisure Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.