Cambridge Investment Research Advisors Inc. Acquires 10,964 Shares of Travel + Leisure Co. $TNL

Cambridge Investment Research Advisors Inc. raised its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 360.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,004 shares of the company’s stock after acquiring an additional 10,964 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Travel + Leisure were worth $1,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Travel + Leisure during the fourth quarter valued at $2,231,000. Louisiana State Employees Retirement System purchased a new stake in Travel + Leisure in the first quarter worth about $1,294,000. LSV Asset Management increased its position in Travel + Leisure by 1.1% in the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock worth $113,741,000 after buying an additional 17,377 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Travel + Leisure by 22.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 199,224 shares of the company’s stock worth $14,051,000 after buying an additional 36,308 shares during the period. Finally, M&T Bank Corp bought a new position in shares of Travel + Leisure in the fourth quarter worth about $2,829,000. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Trading Up 0.0%

Shares of TNL opened at $74.70 on Friday. The business’s 50 day moving average is $75.10 and its 200 day moving average is $72.00. Travel + Leisure Co. has a 12-month low of $57.86 and a 12-month high of $81.00. The company has a market capitalization of $4.57 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 0.51 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting 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 business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the company posted $1.65 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts predict that Travel + Leisure Co. will post 7.68 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.2%. Travel + Leisure’s dividend payout ratio is currently 65.57%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TNL. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Mizuho increased their target price on shares of Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Wells Fargo & Company raised their target price on shares of Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Travel + Leisure in a research report 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $86.90.

Insider Buying and Selling

In other Travel + Leisure news, Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction on Tuesday, June 16th. The shares were 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 in the company, valued at approximately $101,691.48. The trade was a 26.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kimberly Marshall sold 32,691 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 95,135 shares of company stock worth $7,022,699. 4.01% of the stock is owned by insiders.

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.