7,643 Shares in Travel + Leisure Co. $TNL Bought by MQS Management LLC

MQS Management LLC purchased a new position in Travel + Leisure Co. (NYSE:TNL) in the 1st quarter, Holdings Channel.com reports. The fund purchased 7,643 shares of the company’s stock, valued at approximately $529,000.

Several other institutional investors have also added to or reduced their stakes in TNL. Royal Bank of Canada lifted 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 acquiring an additional 26,965 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Travel + Leisure in the 1st quarter worth approximately $396,000. Millennium Management LLC increased its stake in Travel + Leisure by 129.5% in the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock worth $19,141,000 after purchasing an additional 233,345 shares during the period. Goldman Sachs Group Inc. lifted its position in 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 purchasing an additional 98,647 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in Travel + Leisure in the first quarter valued at approximately $206,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $63.83, for a total transaction of $159,575.00. Following the transaction, the director directly owned 1,977 shares of the company’s stock, valued at approximately $126,191.91. The trade was a 55.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Dean Brown sold 9,443 shares of the company’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $79.11, for a total transaction of $747,035.73. Following the completion of the transaction, the insider owned 487,303 shares of the company’s stock, valued at $38,550,540.33. This trade represents a 1.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 53,074 shares of company stock valued at $3,907,122 over the last three months. Insiders own 4.01% of the company’s stock.

Travel + Leisure Price Performance

TNL opened at $76.45 on Wednesday. The business has a 50 day simple moving average of $69.44 and a two-hundred day simple moving average of $71.35. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 0.59 and a beta of 1.17. Travel + Leisure Co. has a one year low of $50.92 and a one year high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. The firm had revenue of $961.00 million for the quarter, compared to analyst estimates of $954.80 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.11 EPS. As a group, sell-side analysts expect that Travel + Leisure Co. will post 7.47 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. Travel + Leisure’s dividend payout ratio (DPR) is presently 67.42%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Barclays lowered their price target on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Mizuho dropped their price target on shares of Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.40.

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.