United Capital Financial Advisors LLC Invests $648,000 in Travel + Leisure Co. $TNL

United Capital Financial Advisors LLC bought a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,477 shares of the company’s stock, valued at approximately $648,000.

A number of other hedge funds have also added to or reduced their stakes in TNL. BlackRock Inc. bought a new stake in Travel + Leisure during the second quarter worth about $543,957,000. Norges Bank acquired a new position in shares of Travel + Leisure during the 4th quarter worth approximately $62,162,000. AQR Capital Management LLC raised its stake in shares of Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after purchasing an additional 855,151 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Travel + Leisure in the 2nd quarter valued at approximately $55,087,000. Finally, Gotham Asset Management LLC boosted its holdings in shares of Travel + Leisure by 139.2% in the 4th quarter. Gotham Asset Management LLC now owns 631,336 shares of the company’s stock valued at $44,528,000 after buying an additional 367,356 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Insider Transactions at Travel + Leisure

In related news, Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $37,580.00. Following the completion of the sale, the director directly owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This trade represents a 26.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Thomas Michael Duncan sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total value of $1,483,200.00. Following the completion of the transaction, the chief accounting officer directly owned 5,307 shares in the company, valued at approximately $393,567.12. This represents a 79.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 115,135 shares of company stock worth $8,505,899. Insiders own 4.01% of the company’s stock.

Travel + Leisure Trading Down 3.4%

TNL opened at $68.77 on Tuesday. The stock’s fifty day simple moving average is $74.72 and its 200 day simple moving average is $72.11. Travel + Leisure Co. has a 1-year low of $58.07 and a 1-year high of $81.00. The stock has a market cap of $4.21 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 0.48 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting the consensus estimate of $1.88. The firm had revenue of $1.06 billion for 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 quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.65 earnings per share. Equities analysts forecast that Travel + Leisure Co. will post 7.7 earnings per share for the current year.

Travel + Leisure Dividend Announcement

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 given a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 annualized dividend and a yield of 3.5%. Travel + Leisure’s dividend payout ratio (DPR) is 65.57%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TNL. Wells Fargo & Company boosted 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. Mizuho increased their price target on shares of Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Barclays lifted their price objective on shares of Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Morgan Stanley boosted their price objective on shares of Travel + Leisure from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target 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.