Commerce Bank Takes Position in Travel + Leisure Co. $TNL

Commerce Bank purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,944 shares of the company’s stock, valued at approximately $1,524,000.

Other hedge funds have also bought and sold shares of the company. Elevation Wealth Partners LLC increased its holdings in Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after buying an additional 372 shares during the last quarter. Danske Bank A S bought a new position in Travel + Leisure during the 3rd quarter worth approximately $30,000. N.E.W. Advisory Services LLC bought a new position in Travel + Leisure during the 2nd quarter worth approximately $46,000. Assetmark Inc. grew its position in shares of Travel + Leisure by 43.8% in the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after acquiring an additional 191 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Travel + Leisure by 293.0% in 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. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the sale, the director owned 1,353 shares in the company, valued at approximately $101,691.48. This trade represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kimberly Marshall sold 32,691 shares of Travel + Leisure stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total value of $2,451,825.00. The SEC filing for this sale provides additional information. Insiders sold 95,135 shares of company stock valued at $7,022,699 in the last ninety days. Company insiders own 4.01% of the company’s stock.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $73.70 on Wednesday. Travel + Leisure Co. has a 1-year low of $58.07 and a 1-year high of $81.00. The business’s fifty day moving average price is $75.09 and its two-hundred day moving average price is $72.15. The firm has a market capitalization of $4.51 billion, a PE ratio of 20.14, a P/E/G ratio of 0.50 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.88. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 earnings per share. Equities research analysts expect that Travel + Leisure Co. will post 7.7 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.60 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 annualized dividend and a yield of 3.3%. Travel + Leisure’s dividend payout ratio (DPR) is currently 65.57%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TNL shares. Mizuho upped their price target on Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Barclays lifted their price objective on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Wells Fargo & Company increased their target price on shares of Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Morgan Stanley raised their price target on shares of Travel + Leisure from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a report on Tuesday, July 21st. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.82.

Travel + Leisure Company 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.