Hennion & Walsh Asset Management Inc. Has $1.49 Million Stake in Travel + Leisure Co. $TNL

Hennion & Walsh Asset Management Inc. lifted its position in Travel + Leisure Co. (NYSE:TNL) by 164.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,059 shares of the company’s stock after buying an additional 13,108 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Travel + Leisure were worth $1,485,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Travel + Leisure in the second quarter valued at approximately $50,934,000. AQR Capital Management LLC increased 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 during the last quarter. Truist Financial Corp acquired a new position in shares of Travel + Leisure during the 3rd quarter worth $38,959,000. Jupiter Asset Management Ltd. raised its holdings in shares of Travel + Leisure by 13,198.4% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock valued at $30,996,000 after purchasing an additional 517,113 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Travel + Leisure by 231.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock valued at $41,143,000 after purchasing an additional 482,731 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

Insider Transactions at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,904 shares of Travel + Leisure stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $74.61, for a total value of $291,277.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George Herrera sold 1,748 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $70.31, for a total value of $122,901.88. Following the sale, the director owned 1,853 shares of the company’s stock, valued at approximately $130,284.43. The trade was a 48.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 99,664 shares of company stock worth $7,390,847. Company insiders own 3.75% of the company’s stock.

Travel + Leisure Trading Up 3.2%

Shares of Travel + Leisure stock opened at $71.38 on Thursday. The firm has a fifty day simple moving average of $71.77 and a 200-day simple moving average of $68.17. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 0.52 and a beta of 1.32. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.83. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. Travel + Leisure’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $1.72 EPS. As a group, research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were given a $0.60 dividend. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is 70.38%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays set a $78.00 price objective on shares of Travel + Leisure in a report on Thursday, February 19th. Mizuho set a $107.00 target price on Travel + Leisure in a report on Thursday, February 19th. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $90.00 price target on shares of Travel + Leisure in a research note on Friday, February 20th. Finally, The Goldman Sachs Group increased their price objective on Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.90.

Travel + Leisure 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.