Diversify Advisory Services LLC Purchases Shares of 9,307 Travel + Leisure Co. $TNL

Diversify Advisory Services LLC acquired a new stake in Travel + Leisure Co. (NYSE:TNL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,307 shares of the company’s stock, valued at approximately $710,000.

A number of other hedge funds have also recently made changes to their positions in TNL. BlackRock Inc. bought a new stake in Travel + Leisure during the 2nd quarter valued at approximately $543,957,000. Norges Bank bought a new position in Travel + Leisure in the 4th quarter worth approximately $62,162,000. AQR Capital Management LLC grew its holdings in Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after buying an additional 855,151 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Travel + Leisure during the second quarter valued at approximately $55,087,000. Finally, Gotham Asset Management LLC raised its position in shares of Travel + Leisure by 139.2% during the fourth 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.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TNL shares. Citigroup restated 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 report on Tuesday, July 21st. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Monday, June 1st. Mizuho increased their price objective on shares of Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Barclays raised their price objective on Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Travel + Leisure has an average rating of “Buy” and a consensus target price of $87.82.

Travel + Leisure Stock Down 3.3%

Shares of TNL opened at $70.59 on Friday. The business has a fifty day moving average of $75.20 and a 200 day moving average of $72.12. The company has a market cap of $4.32 billion, a PE ratio of 19.29, a P/E/G ratio of 0.50 and a beta of 1.17. Travel + Leisure Co. has a 52-week low of $57.86 and a 52-week high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business posted $1.65 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, research analysts anticipate that Travel + Leisure Co. will post 7.66 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid 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 3.4%. Travel + Leisure’s payout ratio is currently 65.57%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 500 shares of the business’s 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 transaction, the director owned 1,353 shares in the company, valued at $101,691.48. The trade was a 26.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Geoffrey Richards sold 33,744 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $75.65, for a total value of $2,552,733.60. Following the transaction, the insider directly owned 1,600 shares in the company, valued at approximately $121,040. This represents a 95.47% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 95,135 shares of company stock worth $7,022,699. Insiders own 4.01% of the company’s stock.

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.