Farther Finance Advisors LLC Has $101,000 Holdings in Travel + Leisure Co. $TNL

Farther Finance Advisors LLC lifted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 2,704.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,963 shares of the company’s stock after buying an additional 1,893 shares during the period. Farther Finance Advisors LLC’s holdings in Travel + Leisure were worth $101,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TNL. Nuveen LLC acquired a new position in shares of Travel + Leisure during the first quarter worth $41,114,000. AQR Capital Management LLC increased its holdings in shares of Travel + Leisure by 28.3% during the first quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company’s stock worth $83,241,000 after buying an additional 403,418 shares in the last quarter. LSV Asset Management increased its holdings in shares of Travel + Leisure by 37.7% during the first quarter. LSV Asset Management now owns 956,109 shares of the company’s stock worth $44,258,000 after buying an additional 261,528 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Travel + Leisure by 129.5% during the first quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock worth $19,141,000 after buying an additional 233,345 shares in the last quarter. Finally, Ranmore Fund Management Ltd increased its holdings in shares of Travel + Leisure by 621.1% during the first quarter. Ranmore Fund Management Ltd now owns 255,000 shares of the company’s stock worth $11,804,000 after buying an additional 219,637 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Trading Up 0.5%

Shares of Travel + Leisure stock opened at $61.82 on Friday. The business has a 50-day moving average price of $61.06 and a two-hundred day moving average price of $53.18. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $64.11. The company has a market cap of $4.01 billion, a P/E ratio of 10.66, a PEG ratio of 0.60 and a beta of 1.47.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. Equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, September 12th. Travel + Leisure’s dividend payout ratio (DPR) is presently 38.62%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TNL. Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a report on Saturday, September 27th. Wall Street Zen upgraded Travel + Leisure from a “hold” rating to a “buy” rating in a report on Saturday, September 20th. JMP Securities increased their price objective on Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a report on Thursday, July 24th. Mizuho upgraded Travel + Leisure from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $63.00 to $72.00 in a report on Thursday, July 24th. Finally, Barclays increased their price objective on Travel + Leisure from $39.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.30.

Insider Buying and Selling

In other news, insider Geoffrey Richards sold 124,454 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $62.56, for a total value of $7,785,842.24. Following the completion of the sale, the insider directly owned 118,718 shares in the company, valued at $7,426,998.08. This trade represents a 51.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Michael Dean Brown bought 1,500 shares of Travel + Leisure stock in a transaction dated Friday, August 1st. The stock was purchased at an average price of $58.39 per share, with a total value of $87,585.00. Following the completion of the purchase, the insider owned 427,821 shares in the company, valued at $24,980,468.19. This trade represents a 0.35% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 320,174 shares of company stock worth $19,765,874 over the last 90 days. 3.75% of the stock is owned by company insiders.

Travel + Leisure 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.