Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 4.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 208,929 shares of the company’s stock after buying an additional 8,142 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.31% of Travel + Leisure worth $9,671,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TNL. Raymond James Financial Inc. acquired a new position in shares of Travel + Leisure during the fourth quarter worth about $3,850,000. HighTower Advisors LLC grew its position in shares of Travel + Leisure by 3.2% during the fourth quarter. HighTower Advisors LLC now owns 9,982 shares of the company’s stock worth $504,000 after buying an additional 314 shares in the last quarter. Avantax Advisory Services Inc. grew its position in shares of Travel + Leisure by 2.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company’s stock worth $451,000 after buying an additional 236 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Travel + Leisure by 31.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,906 shares of the company’s stock worth $298,000 after buying an additional 1,397 shares in the last quarter. Finally, Xponance Inc. grew its position in shares of Travel + Leisure by 4.0% during the fourth quarter. Xponance Inc. now owns 7,720 shares of the company’s stock worth $389,000 after buying an additional 294 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Denny Marie Post sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total transaction of $276,100.00. Following the completion of the sale, the director owned 4,477 shares in the company, valued at $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Myers sold 13,922 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $58.00, for a total value of $807,476.00. Following the sale, the insider owned 165,890 shares of the company’s stock, valued at $9,621,620. This trade represents a 7.74% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,285 shares of company stock valued at $1,474,767. 3.75% of the stock is owned by company insiders.

Travel + Leisure Trading Up 1.0%

Shares of NYSE TNL opened at $57.17 on Monday. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95. The stock has a 50 day moving average of $51.53 and a two-hundred day moving average of $50.22. The stock has a market cap of $3.80 billion, a P/E ratio of 9.54, a P/E/G ratio of 0.55 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 46.83% and a net margin of 10.77%. The company had revenue of $934.00 million during the quarter, compared to analysts’ expectations of $933.08 million. During the same quarter in the previous year, the business earned $0.97 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Friday, June 13th. Travel + Leisure’s dividend payout ratio is currently 37.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TNL shares. The Goldman Sachs Group lowered their price objective on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Barclays lowered their price target on Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. Finally, Morgan Stanley lowered their price target on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.20.

About Travel + Leisure

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.