Friedenthal Financial Takes $1.08 Million Position in Travel + Leisure Co. $TNL

Friedenthal Financial purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL) in the first quarter, Holdings Channel reports. The firm purchased 15,668 shares of the company’s stock, valued at approximately $1,084,000.

A number of other hedge funds have also bought and sold shares of TNL. Invesco Ltd. boosted its position in Travel + Leisure by 4.2% in the fourth quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock worth $256,211,000 after purchasing an additional 146,484 shares during the last quarter. AQR Capital Management LLC increased its position 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 valued at $138,449,000 after purchasing an additional 855,151 shares during the last quarter. LSV Asset Management increased its position in shares of Travel + Leisure by 1.1% during the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after purchasing an additional 17,377 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Travel + Leisure by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock worth $85,281,000 after purchasing an additional 10,137 shares during the period. Finally, Morgan Stanley raised its stake in shares of Travel + Leisure by 9.3% during the 4th quarter. Morgan Stanley now owns 906,101 shares of the company’s stock worth $63,907,000 after purchasing an additional 77,135 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TNL shares. Barclays cut their price target on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Monday, June 1st. Morgan Stanley dropped their target price on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Mizuho reduced their target price on shares of Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.40.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, CFO Erik D. Hoag purchased 1,000 shares of the stock in a transaction dated Thursday, April 23rd. The shares were bought at an average price of $65.67 per share, with a total value of $65,670.00. Following the completion of the transaction, the chief financial officer directly owned 1,000 shares in the company, valued at approximately $65,670. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $37,580.00. Following the sale, the director owned 1,353 shares in the company, valued at $101,691.48. The trade was a 26.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 53,074 shares of company stock valued at $3,907,122. 4.01% of the stock is currently owned by insiders.

Travel + Leisure Price Performance

Shares of TNL opened at $76.69 on Thursday. Travel + Leisure Co. has a 1 year low of $50.00 and a 1 year high of $81.00. The stock’s fifty day moving average price is $69.51 and its two-hundred day moving average price is $71.11. The firm has a market cap of $4.79 billion, a PE ratio of 21.54, a PEG ratio of 0.58 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The company had revenue of $961.00 million during the quarter, compared to the consensus estimate of $954.80 million. During the same quarter in the prior year, the company earned $1.11 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts anticipate that Travel + Leisure Co. will post 7.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is currently 67.42%.

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.