Travel + Leisure Co. $TNL Stake Boosted by Edgestream Partners L.P.

Edgestream Partners L.P. increased its position in shares of Travel + Leisure Co. (NYSE:TNL) by 30.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,102 shares of the company’s stock after acquiring an additional 31,897 shares during the period. Edgestream Partners L.P.’s holdings in Travel + Leisure were worth $9,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TNL. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Travel + Leisure by 22.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 199,224 shares of the company’s stock worth $14,051,000 after purchasing an additional 36,308 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Travel + Leisure in the fourth quarter worth approximately $2,231,000. LSV Asset Management increased its stake 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 worth $113,741,000 after purchasing an additional 17,377 shares during the last quarter. M&T Bank Corp bought a new position in shares of Travel + Leisure during the 4th quarter valued at $2,829,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Travel + Leisure in the 1st quarter valued at $1,294,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

NYSE:TNL opened at $77.71 on Thursday. The stock has a market cap of $4.76 billion, a P/E ratio of 21.23, a PEG ratio of 0.59 and a beta of 1.16. Travel + Leisure Co. has a one year low of $56.66 and a one year high of $81.00. The company has a fifty day moving average price of $73.38 and a 200 day moving average price of $71.75.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the business posted $1.65 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Travel + Leisure Co. will post 7.58 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is presently 65.57%.

Analyst Upgrades and Downgrades

TNL has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Mizuho boosted their price target on Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Barclays upped their price target on Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research raised Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $86.90.

Insider Transactions at Travel + Leisure

In related news, insider Geoffrey Richards sold 33,744 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the transaction, the insider directly owned 1,600 shares in the company, valued at $121,040. The trade was a 95.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Denny Marie Post sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the completion of 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 disclosure for this sale is available in the SEC filing. Insiders sold 97,435 shares of company stock valued at $7,166,474 in the last ninety days. 4.01% of the stock is owned by corporate insiders.

Travel + Leisure Company 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.