United Capital Financial Advisors LLC Makes New $648,000 Investment in Travel + Leisure Co. $TNL

United Capital Financial Advisors LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,477 shares of the company’s stock, valued at approximately $648,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Bancorp Inc ME acquired a new position in Travel + Leisure in the second quarter valued at about $27,000. Danske Bank A S bought a new position in Travel + Leisure in the 3rd quarter valued at $30,000. Elevation Wealth Partners LLC increased its position in 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 purchasing an additional 372 shares during the period. Assetmark Inc. grew its position in shares of Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after buying an additional 191 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after acquiring an additional 715 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 32,691 shares of the stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 33,744 shares of Travel + Leisure stock in a transaction dated 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 completion of the sale, the insider directly owned 1,600 shares in the company, valued at $121,040. This represents a 95.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 115,135 shares of company stock valued at $8,505,899 in the last quarter. 4.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on TNL shares. Mizuho upped their price target on Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Zacks Research cut shares of Travel + Leisure from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Susquehanna assumed coverage on shares of Travel + Leisure in a report on Tuesday, August 18th. They issued a “positive” rating and a $95.00 target price on the stock. Finally, The Goldman Sachs Group raised 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 report on Monday, June 1st. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus target price of $87.82.

Travel + Leisure Stock Performance

Shares of TNL opened at $68.77 on Tuesday. The stock has a 50 day simple moving average of $74.72 and a 200 day simple moving average of $72.11. Travel + Leisure Co. has a 52-week low of $58.07 and a 52-week high of $81.00. The firm has a market capitalization of $4.21 billion, a PE ratio of 18.79, a P/E/G ratio of 0.48 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company posted $1.65 EPS. Equities research analysts predict that Travel + Leisure Co. will post 7.7 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, September 16th. Travel + Leisure’s payout ratio is currently 65.57%.

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.