LSV Asset Management Has $113.74 Million Stock Position in Travel + Leisure Co. $TNL

LSV Asset Management boosted its position in shares of Travel + Leisure Co. (NYSE:TNL) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,612,657 shares of the company’s stock after purchasing an additional 17,377 shares during the period. LSV Asset Management’s holdings in Travel + Leisure were worth $113,741,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TNL. Danske Bank A S acquired a new stake in Travel + Leisure during the third quarter valued at $30,000. N.E.W. Advisory Services LLC acquired a new stake in Travel + Leisure during the fourth quarter valued at $43,000. Geneos Wealth Management Inc. boosted its position in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after purchasing an additional 715 shares during the last quarter. CENTRAL TRUST Co boosted its position in Travel + Leisure by 181.5% during the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after purchasing an additional 510 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Travel + Leisure by 102.2% during the third quarter. Smartleaf Asset Management LLC now owns 835 shares of the company’s stock valued at $51,000 after purchasing an additional 422 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Price Performance

NYSE TNL opened at $65.07 on Friday. Travel + Leisure Co. has a fifty-two week low of $46.75 and a fifty-two week high of $81.00. The stock’s 50-day moving average is $69.01 and its two-hundred day moving average is $69.92. The firm has a market cap of $4.06 billion, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17.

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

Travel + Leisure Dividend Announcement

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 paid a $0.60 dividend. The ex-dividend date is Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.7%. Travel + Leisure’s payout ratio is presently 67.42%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TNL shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research report on Friday, February 20th. Citizens Jmp raised their target price on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a report on Thursday, February 19th. Mizuho cut their target price on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, The Goldman Sachs Group raised their target price on Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Insiders Place Their Bets

In other news, 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 value of $159,575.00. Following the transaction, the director directly owned 1,977 shares in the company, valued at approximately $126,191.91. The trade was a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 1,748 shares of Travel + Leisure stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total value of $122,901.88. Following the completion of the transaction, the director owned 1,853 shares in the company, valued at $130,284.43. The trade was a 48.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 120,334 shares of company stock valued at $9,004,352. 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.