Travel + Leisure Co. $TNL Holdings Boosted by Sei Investments Co.

Sei Investments Co. grew its holdings in Travel + Leisure Co. (NYSE:TNL) by 39.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 389,506 shares of the company’s stock after purchasing an additional 110,747 shares during the period. Sei Investments Co. owned approximately 0.62% of Travel + Leisure worth $26,951,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Danske Bank A S acquired a new position in Travel + Leisure during the third quarter valued at $30,000. N.E.W. Advisory Services LLC purchased a new stake in Travel + Leisure in the 4th quarter worth about $43,000. Assetmark Inc. boosted its position in Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after acquiring an additional 191 shares during the period. Geneos Wealth Management Inc. boosted its position in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after acquiring an additional 715 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in Travel + Leisure by 27.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock valued at $88,000 after acquiring an additional 265 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Price Performance

TNL opened at $76.28 on Tuesday. Travel + Leisure Co. has a fifty-two week low of $56.66 and a fifty-two week high of $81.00. The business has a 50-day moving average of $72.81 and a 200-day moving average of $71.70. The company has a market capitalization of $4.67 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 0.56 and a beta of 1.16.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business posted $1.65 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that Travel + Leisure Co. will post 7.58 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 12th. Travel + Leisure’s payout ratio is currently 65.57%.

Wall Street Analysts Forecast Growth

TNL has been the subject of a number of research analyst reports. Barclays increased their price target on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group raised shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Monday, June 1st. Zacks Research upgraded shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Citigroup reiterated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday. Finally, Morgan Stanley lifted their target price on shares of Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $86.90.

Insider Transactions at Travel + Leisure

In related news, insider Kimberly Marshall sold 28,000 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total value of $1,964,760.00. Following the completion of the sale, the insider directly owned 33,191 shares in the company, valued at approximately $2,329,012.47. This represents a 45.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George Herrera sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the transaction, the director owned 1,353 shares in the company, valued at approximately $101,691.48. This trade represents a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,000 shares of company stock worth $2,161,915 in the last 90 days. 4.01% of the stock is owned by 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.