Geode Capital Management LLC Has $85.28 Million Stock Position in Travel + Leisure Co. $TNL

Geode Capital Management LLC lifted its stake in Travel + Leisure Co. (NYSE:TNL) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,208,918 shares of the company’s stock after purchasing an additional 10,137 shares during the quarter. Geode Capital Management LLC owned 1.88% of Travel + Leisure worth $85,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TNL. Royal Bank of Canada boosted its position 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 purchasing an additional 26,965 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Travel + Leisure in the 1st quarter valued at $396,000. Millennium Management LLC boosted its position in shares of Travel + Leisure by 129.5% in the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock valued at $19,141,000 after purchasing an additional 233,345 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Travel + Leisure by 97.1% in the 1st 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 period. Finally, United Services Automobile Association acquired a new position in shares of Travel + Leisure in the 1st quarter valued at $206,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $71.90 on Monday. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 0.55 and a beta of 1.17. Travel + Leisure Co. has a 52-week low of $47.61 and a 52-week high of $81.00. The stock has a 50-day simple moving average of $68.81 and a 200-day simple moving average of $70.37.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.14. The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $954.81 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 EPS. As a group, equities research analysts predict that Travel + Leisure Co. will post 7.46 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is presently 67.42%.

Insider Buying and Selling

In related news, Director Denny Marie Post sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $63.83, for a total value 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. This trade represents a 55.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 1,748 shares of the firm’s 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 completion of the transaction, the director directly owned 1,853 shares in the company, valued at $130,284.43. The trade was a 48.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,536 shares of company stock valued at $2,113,247 over the last 90 days. 4.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TNL has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Monday, June 1st. Citizens Jmp raised their price objective on Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 19th. Wells Fargo & Company decreased their price objective on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Thursday, April 23rd. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.40.

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.