Ieq Capital LLC Invests $756,000 in Travel + Leisure Co. $TNL

Ieq Capital LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,896 shares of the company’s stock, valued at approximately $756,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baron Wealth Management LLC lifted its position in shares of Travel + Leisure by 2.8% during the first quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock valued at $343,000 after buying an additional 133 shares during the last quarter. Diversified Trust Co raised its stake in shares of Travel + Leisure by 0.7% during the 1st quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock worth $1,342,000 after acquiring an additional 137 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Travel + Leisure by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock worth $408,000 after acquiring an additional 148 shares in the last quarter. Evolve Private Wealth LLC lifted its position in Travel + Leisure by 1.7% during the first quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock valued at $641,000 after acquiring an additional 156 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Travel + Leisure by 19.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock valued at $59,000 after acquiring an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insiders Place Their Bets

In related news, insider Kimberly Marshall sold 32,691 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total value of $2,451,825.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George Herrera sold 500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the transaction, the director directly owned 1,353 shares of the company’s stock, valued at $101,691.48. The trade was a 26.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,135 shares of company stock worth $8,505,899 in the last 90 days. 4.01% of the stock is currently owned by company insiders.

Travel + Leisure Price Performance

NYSE:TNL opened at $71.79 on Friday. The company has a 50 day moving average price of $74.95 and a 200-day moving average price of $72.16. Travel + Leisure Co. has a 1-year low of $58.07 and a 1-year high of $81.00. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting 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 quarter last year, the business earned $1.65 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Travel + Leisure Co. will post 7.7 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio is presently 65.57%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TNL. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Travel + Leisure in a research report on Tuesday, July 21st. The Goldman Sachs Group upgraded 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 boosted their target price on Travel + Leisure from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Finally, Mizuho increased 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. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.82.

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.