Tudor Investment Corp ET AL Makes New $6.40 Million Investment in Travel + Leisure Co. $TNL

Tudor Investment Corp ET AL bought a new position in Travel + Leisure Co. (NYSE:TNL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 107,652 shares of the company’s stock, valued at approximately $6,404,000. Tudor Investment Corp ET AL owned about 0.17% of Travel + Leisure at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Danske Bank A S purchased a new stake in Travel + Leisure in the third quarter worth $30,000. CNB Bank purchased a new stake in Travel + Leisure in the third quarter worth $32,000. Geneos Wealth Management Inc. increased its position in Travel + Leisure by 293.0% in the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the last quarter. CENTRAL TRUST Co increased its position in Travel + Leisure by 181.5% in the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock worth $47,000 after buying an additional 510 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its position in Travel + Leisure by 13,383.3% in the third quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock worth $48,000 after buying an additional 803 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Michael Dean Brown sold 66,860 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $74.03, for a total transaction of $4,949,645.80. Following the completion of the transaction, the insider directly owned 427,821 shares in the company, valued at $31,671,588.63. The trade was a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 1,748 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total value of $122,901.88. Following the transaction, the director owned 1,853 shares of the company’s stock, valued at approximately $130,284.43. The trade was a 48.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 99,664 shares of company stock worth $7,390,847 over the last ninety days. 3.75% of the stock is owned by corporate insiders.

Travel + Leisure Stock Down 1.1%

Travel + Leisure stock opened at $70.74 on Wednesday. Travel + Leisure Co. has a 52 week low of $37.85 and a 52 week high of $81.00. The business has a 50-day simple moving average of $71.84 and a 200 day simple moving average of $68.49. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 0.54 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, hitting the consensus estimate of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the business earned $1.72 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. On average, research analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were given a dividend of $0.60 per share. The ex-dividend date was Friday, March 20th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 3.4%. Travel + Leisure’s dividend payout ratio (DPR) is presently 70.38%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TNL. The Goldman Sachs Group lifted their price target on Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Wells Fargo & Company lifted their price target on Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Oppenheimer reiterated an “outperform” rating and issued a $85.00 price target on shares of Travel + Leisure in a research report on Wednesday, February 18th. Citizens Jmp lifted their price target on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a research report on Thursday, February 19th. Finally, Barclays set a $78.00 price target on shares of Travel + Leisure in a report on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.90.

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.