Foster & Motley Inc. Buys New Shares in Travel + Leisure Co. $TNL

Foster & Motley Inc. purchased a new stake in Travel + Leisure Co. (NYSE:TNL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 191,407 shares of the company’s stock, valued at approximately $14,629,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Danske Bank A S bought a new position in shares of Travel + Leisure during the 3rd quarter worth about $30,000. Elevation Wealth Partners LLC raised its position in shares of Travel + Leisure by 413.3% during 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. N.E.W. Advisory Services LLC bought a new stake in shares of Travel + Leisure in the fourth quarter valued at about $43,000. Assetmark Inc. grew its position in Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after buying an additional 191 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew 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 worth $44,000 after buying an additional 715 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TNL shares. Wells Fargo & Company raised their price objective on Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Monday, June 1st. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Finally, Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $87.82.

Travel + Leisure Trading Down 1.8%

NYSE TNL opened at $72.33 on Wednesday. Travel + Leisure Co. has a 1-year low of $57.86 and a 1-year high of $81.00. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.51 and a beta of 1.17. The stock’s 50 day moving average is $75.22 and its two-hundred day moving average is $72.09.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.Travel + Leisure’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 EPS. On average, analysts predict that Travel + Leisure Co. will post 7.68 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.3%. Travel + Leisure’s dividend payout ratio (DPR) is presently 65.57%.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 500 shares of the business’s stock in a transaction 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. The trade was a 26.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Geoffrey Richards sold 33,744 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the completion of the sale, the insider directly owned 1,600 shares in the company, valued at approximately $121,040. The trade was a 95.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 95,135 shares of company stock valued at $7,022,699. 4.01% of the stock is currently owned by company insiders.

About Travel + Leisure

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.