36,352 Shares in Travel + Leisure Co. $TNL Purchased by Taylor Securities Services Inc.

Taylor Securities Services Inc. purchased a new stake in Travel + Leisure Co. (NYSE:TNL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 36,352 shares of the company’s stock, valued at approximately $2,564,000. Travel + Leisure accounts for approximately 1.2% of Taylor Securities Services Inc.’s portfolio, making the stock its 11th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Travel + Leisure by 15.3% during the third quarter. JPMorgan Chase & Co. now owns 354,598 shares of the company’s stock worth $21,096,000 after acquiring an additional 47,170 shares in the last quarter. Compass Wealth Management LLC acquired a new position in shares of Travel + Leisure during the 3rd quarter worth about $1,707,000. SG Americas Securities LLC bought a new stake in shares of Travel + Leisure in the 4th quarter valued at about $11,657,000. Tudor Investment Corp ET AL acquired a new stake in Travel + Leisure in the 3rd quarter valued at about $6,404,000. Finally, Foster & Motley Inc. grew its holdings in Travel + Leisure by 11.5% during the fourth quarter. Foster & Motley Inc. now owns 175,279 shares of the company’s stock worth $12,362,000 after purchasing an additional 18,071 shares during the period. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $76.76 on Friday. The stock has a market capitalization of $4.79 billion, a PE ratio of 21.56, a P/E/G ratio of 0.59 and a beta of 1.17. The business has a fifty day moving average price of $69.55 and a two-hundred day moving average price of $70.94. Travel + Leisure Co. has a fifty-two week low of $47.74 and a fifty-two week high of $81.00.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.14. The company had revenue of $961.00 million for the quarter, compared to analyst estimates of $954.80 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.Travel + Leisure’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 EPS. On average, equities analysts expect that Travel + Leisure Co. will post 7.46 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is currently 67.42%.

Insider Transactions at Travel + Leisure

In other news, insider Michael Dean Brown sold 9,443 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $79.11, for a total transaction of $747,035.73. Following the completion of the sale, the insider owned 487,303 shares of the company’s stock, valued at approximately $38,550,540.33. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director George Herrera sold 500 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $37,580.00. Following the sale, the director owned 1,353 shares in the company, valued at $101,691.48. This represents a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 53,074 shares of company stock worth $3,907,122. Corporate insiders own 4.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Barclays cut their price target on Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Morgan Stanley dropped their price objective on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $90.00 target price on shares of Travel + Leisure in a report on Friday, February 20th. Finally, Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $85.40.

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.