Geode Capital Management LLC Buys 10,137 Shares of Travel + Leisure Co. $TNL

Geode Capital Management LLC lifted its stake in Travel + Leisure Co. (NYSE:TNL) by 0.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,208,918 shares of the company’s stock after acquiring an additional 10,137 shares during the period. Geode Capital Management LLC’s holdings in Travel + Leisure were worth $85,281,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Danske Bank A S bought a new position in Travel + Leisure in the 3rd quarter worth approximately $30,000. N.E.W. Advisory Services LLC bought a new position in Travel + Leisure in the 4th quarter worth approximately $43,000. Geneos Wealth Management Inc. increased its position in 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 buying an additional 715 shares during the period. CENTRAL TRUST Co increased its position in Travel + Leisure by 181.5% in the 3rd quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock worth $47,000 after buying an additional 510 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Travel + Leisure by 102.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 835 shares of the company’s stock worth $51,000 after buying an additional 422 shares during the period. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $71.90 on Monday. The business’s fifty day moving average price is $68.81 and its two-hundred day moving average price is $70.37. Travel + Leisure Co. has a fifty-two week low of $47.61 and a fifty-two week high of $81.00. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $954.81 million. During the same period in the prior year, the business posted $1.11 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. Research analysts expect that Travel + Leisure Co. will post 7.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. Travel + Leisure’s payout ratio is currently 67.42%.

Insiders Place Their Bets

In other Travel + Leisure news, Director Denny Marie Post sold 2,500 shares of the business’s stock in a transaction on 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 owned 1,977 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Herrera sold 1,748 shares of the business’s stock in a transaction on 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 directly owned 1,853 shares in the company, valued at approximately $130,284.43. This represents a 48.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,536 shares of company stock worth $2,113,247 in the last three months. Company insiders own 4.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on TNL. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $90.00 price target on shares of Travel + Leisure in a research report on Friday, February 20th. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Morgan Stanley dropped their price target on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. The Goldman Sachs Group raised Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Monday, June 1st. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Travel + Leisure in a research report on Wednesday, February 18th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.40.

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.