10,366 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by Foster & Motley Inc.

Foster & Motley Inc. acquired a new stake in Travel + Leisure Co. (NYSE:TNL) in the third quarter, Holdings Channel reports. The fund acquired 10,366 shares of the company’s stock, valued at approximately $478,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC grew its position in Travel + Leisure by 1,474.2% in the 2nd quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock valued at $998,000 after purchasing an additional 20,772 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Travel + Leisure during the first quarter valued at about $4,739,000. Harbor Capital Advisors Inc. grew its holdings in shares of Travel + Leisure by 125.9% during the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after buying an additional 29,656 shares during the last quarter. LSV Asset Management raised its holdings in shares of Travel + Leisure by 6.4% in the 1st quarter. LSV Asset Management now owns 589,100 shares of the company’s stock worth $28,842,000 after acquiring an additional 35,591 shares during the last quarter. Finally, Hancock Whitney Corp bought a new position in Travel + Leisure in the 2nd quarter valued at about $1,925,000. Institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on TNL shares. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Tigress Financial increased their price target on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Barclays lifted their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Finally, Truist Financial dropped their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $53.29 on Friday. The company has a market capitalization of $3.65 billion, a P/E ratio of 9.05, a price-to-earnings-growth ratio of 0.71 and a beta of 1.61. The company’s 50-day moving average is $45.80 and its 200 day moving average is $44.95. Travel + Leisure Co. has a fifty-two week low of $34.12 and a fifty-two week high of $53.52.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company earned $1.54 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts predict that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Friday, September 13th. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

Insiders Place Their Bets

In other news, 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 transaction of $261,269.44. Following the transaction, the insider now owns 125,209 shares of the company’s stock, valued at $6,530,901.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the transaction, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Geoffrey Richards sold 5,009 shares of the 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 sale, the insider now owns 125,209 shares in the company, valued at approximately $6,530,901.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,448 shares of company stock valued at $4,294,241 over the last ninety days. 4.02% of the stock is currently owned by insiders.

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.