Foster & Motley Inc. Buys 18,071 Shares of Travel + Leisure Co. $TNL

Foster & Motley Inc. grew its holdings in Travel + Leisure Co. (NYSE:TNL) by 11.5% in the 4th quarter, HoldingsChannel reports. The firm owned 175,279 shares of the company’s stock after buying an additional 18,071 shares during the quarter. Foster & Motley Inc.’s holdings in Travel + Leisure were worth $12,362,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at about $50,934,000. AQR Capital Management LLC boosted its stake in Travel + Leisure by 46.8% in 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 in the last quarter. Truist Financial Corp acquired a new stake in shares of Travel + Leisure during the third quarter worth $38,959,000. Jupiter Asset Management Ltd. lifted its position in Travel + Leisure by 13,198.4% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock worth $30,996,000 after acquiring an additional 517,113 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in Travel + Leisure by 231.1% in the third quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock valued at $41,143,000 after buying an additional 482,731 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TNL shares. Mizuho set a $107.00 price objective on Travel + Leisure in a research note on Thursday, February 19th. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $90.00 target price on shares of Travel + Leisure in a research note on Friday, February 20th. Morgan Stanley boosted their price target on Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Citigroup reiterated an “outperform” rating on shares of Travel + Leisure 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $85.90.

Insider Buying and Selling at Travel + Leisure

In related news, insider Amandine Robin-Caplan sold 3,904 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $74.61, for a total transaction of $291,277.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George Herrera sold 1,748 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total transaction of $122,901.88. Following the completion of the transaction, the director owned 1,853 shares of the company’s stock, valued at approximately $130,284.43. This trade represents a 48.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 99,664 shares of company stock valued at $7,390,847 in the last three months. 3.75% of the stock is owned by corporate insiders.

Travel + Leisure Stock Down 0.6%

Shares of TNL opened at $67.27 on Tuesday. The stock has a fifty day simple moving average of $71.79 and a two-hundred day simple moving average of $68.10. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $81.00. The company has a market capitalization of $4.20 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32.

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

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, March 20th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.6%. Travel + Leisure’s payout ratio is presently 70.38%.

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.