961 Shares in Travel + Leisure Co. (NYSE:TNL) Purchased by Capital Performance Advisors LLP

Capital Performance Advisors LLP acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 961 shares of the company’s stock, valued at approximately $44,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TNL. Private Advisor Group LLC boosted its position in shares of Travel + Leisure by 11.1% during the first quarter. Private Advisor Group LLC now owns 11,894 shares of the company’s stock valued at $582,000 after purchasing an additional 1,184 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Travel + Leisure by 20.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 40,570 shares of the company’s stock worth $1,986,000 after buying an additional 6,807 shares during the period. Texas Permanent School Fund Corp grew its position in shares of Travel + Leisure by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 63,271 shares of the company’s stock worth $3,098,000 after buying an additional 844 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Travel + Leisure during the 1st quarter valued at about $211,000. Finally, Sei Investments Co. boosted its stake in Travel + Leisure by 138.4% during the first quarter. Sei Investments Co. now owns 116,671 shares of the company’s stock worth $5,712,000 after acquiring an additional 67,740 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 5,009 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the completion of the sale, the insider now directly owns 125,209 shares in the company, valued at $6,530,901.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Geoffrey Richards sold 5,009 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the sale, the insider now owns 125,209 shares of the company’s stock, valued at $6,530,901.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,448 shares of company stock valued at $4,294,241. 4.02% of the stock is owned by company insiders.

Travel + Leisure Stock Performance

TNL opened at $53.59 on Monday. The company’s 50-day simple moving average is $45.99 and its two-hundred day simple moving average is $44.99. Travel + Leisure Co. has a 52-week low of $34.12 and a 52-week high of $53.77. The stock has a market capitalization of $3.67 billion, a P/E ratio of 9.10, a P/E/G ratio of 0.77 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $1.54 earnings per share. Research analysts forecast that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Analyst Ratings Changes

TNL has been the subject of a number of analyst reports. Barclays raised their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Tigress Financial lifted their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their target price on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. The Goldman Sachs Group lifted their price target on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus price target of $55.67.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.