191,407 Shares in Travel + Leisure Co. $TNL Purchased by Foster & Motley Inc.

Foster & Motley Inc. acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 191,407 shares of the company’s stock, valued at approximately $14,629,000. Foster & Motley Inc. owned 0.31% of Travel + Leisure at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in shares of Travel + Leisure during the 3rd quarter valued at $30,000. Elevation Wealth Partners LLC increased its stake in shares of Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after acquiring an additional 372 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Travel + Leisure in the fourth quarter worth $43,000. Assetmark Inc. raised its holdings in shares of Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after acquiring an additional 191 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after acquiring an additional 715 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travel + Leisure

In other news, Director George Herrera sold 500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total value of $37,580.00. Following the sale, the director directly owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This trade represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Geoffrey Richards sold 33,744 shares of Travel + Leisure stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $75.65, for a total value of $2,552,733.60. Following the completion of the transaction, the insider owned 1,600 shares in the company, valued at $121,040. The trade was a 95.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 95,135 shares of company stock worth $7,022,699. 4.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TNL shares. Morgan Stanley boosted their target price on Travel + Leisure from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday. Susquehanna assumed coverage on Travel + Leisure in a report on Tuesday. They set a “positive” rating and a $95.00 price target for the company. The Goldman Sachs Group raised Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Monday, June 1st. Barclays increased their price objective on Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Finally, Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Travel + Leisure has a consensus rating of “Buy” and an average price target of $87.82.

Travel + Leisure Stock Performance

TNL opened at $72.33 on Wednesday. The business has a 50 day moving average price of $75.22 and a 200 day moving average price of $72.09. Travel + Leisure Co. has a twelve month low of $57.86 and a twelve month high of $81.00. The firm has a market cap of $4.43 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 0.51 and a beta of 1.17.

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 company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $1.65 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts anticipate that Travel + Leisure Co. will post 7.68 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.60 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. Travel + Leisure’s dividend payout ratio (DPR) is presently 65.57%.

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.