Intech Investment Management LLC Takes $2.29 Million Position in Travel + Leisure Co. $TNL

Intech Investment Management LLC acquired a new stake in Travel + Leisure Co. (NYSE:TNL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 32,421 shares of the company’s stock, valued at approximately $2,287,000.

A number of other institutional investors also recently modified their holdings of TNL. Royal Bank of Canada boosted its stake in shares of Travel + Leisure by 42.0% in the 1st quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock valued at $4,222,000 after purchasing an additional 26,965 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Travel + Leisure during the first quarter worth $396,000. Millennium Management LLC boosted its stake in Travel + Leisure by 129.5% during the first quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock worth $19,141,000 after acquiring an additional 233,345 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Travel + Leisure by 97.1% in the first quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock valued at $9,271,000 after buying an additional 98,647 shares in the last quarter. Finally, United Services Automobile Association bought a new position in shares of Travel + Leisure in the first quarter valued at $206,000. 87.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TNL has been the topic of a number of recent research reports. Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Stifel Nicolaus set a $89.00 target price on shares of Travel + Leisure in a report on Wednesday, February 18th. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a report on Thursday, February 19th. Morgan Stanley lowered their target price on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Finally, Wells Fargo & Company lowered their target price on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.40.

Travel + Leisure Stock Down 2.1%

NYSE TNL opened at $70.04 on Thursday. The company has a market cap of $4.37 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. The firm’s 50-day simple moving average is $68.82 and its two-hundred day simple moving average is $70.24. Travel + Leisure Co. has a 52 week low of $47.61 and a 52 week high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.14. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $954.81 million. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.11 earnings per share. As a group, equities research analysts anticipate that Travel + Leisure Co. will post 7.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be paid a $0.60 dividend. The ex-dividend date is Friday, June 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.4%. Travel + Leisure’s dividend payout ratio (DPR) is presently 67.42%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, CFO Erik D. Hoag bought 1,000 shares of Travel + Leisure stock in a transaction dated Thursday, April 23rd. The stock was purchased at an average price of $65.67 per share, for a total transaction of $65,670.00. Following the completion of the purchase, the chief financial officer directly owned 1,000 shares of the company’s stock, valued at approximately $65,670. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Denny Marie Post sold 2,500 shares of Travel + Leisure stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $63.83, for a total transaction of $159,575.00. Following the completion of the transaction, the director owned 1,977 shares of the company’s stock, valued at $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. Insiders have sold 27,536 shares of company stock worth $2,113,247 over the last three months. Company insiders own 4.01% of the company’s stock.

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.