IFP Advisors Inc Has $155,000 Stock Holdings in Travel + Leisure Co. $TNL

IFP Advisors Inc raised its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,008 shares of the company’s stock after acquiring an additional 262 shares during the period. IFP Advisors Inc’s holdings in Travel + Leisure were worth $155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Optas LLC acquired a new stake in shares of Travel + Leisure during the second quarter worth $225,000. Venturi Wealth Management LLC grew its position in shares of Travel + Leisure by 22.4% during the 2nd quarter. Venturi Wealth Management LLC now owns 7,511 shares of the company’s stock worth $388,000 after buying an additional 1,373 shares during the period. KLP Kapitalforvaltning AS increased its stake in shares of Travel + Leisure by 7.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 16,000 shares of the company’s stock valued at $826,000 after acquiring an additional 1,100 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Travel + Leisure by 7.6% in the 2nd quarter. QRG Capital Management Inc. now owns 23,945 shares of the company’s stock valued at $1,236,000 after acquiring an additional 1,688 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of Travel + Leisure in the 2nd quarter valued at approximately $205,000. 87.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Kimberly Marshall sold 16,500 shares of Travel + Leisure stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $60.00, for a total value of $990,000.00. Following the sale, the insider owned 56,736 shares of the company’s stock, valued at approximately $3,404,160. The trade was a 22.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Myers sold 110,885 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $62.33, for a total value of $6,911,462.05. Following the transaction, the insider directly owned 142,553 shares of the company’s stock, valued at $8,885,328.49. This trade represents a 43.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 299,389 shares of company stock worth $18,567,207 over the last three months. Company insiders own 3.75% of the company’s stock.

Travel + Leisure Stock Up 0.1%

NYSE:TNL opened at $60.05 on Friday. The company has a market cap of $3.90 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 0.58 and a beta of 1.47. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $64.11. The business has a 50 day moving average price of $61.06 and a two-hundred day moving average price of $54.06.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 EPS 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 during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were issued a $0.56 dividend. The ex-dividend date was Friday, September 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.7%. Travel + Leisure’s dividend payout ratio (DPR) is presently 38.62%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TNL shares. JMP Securities boosted their price objective on shares of 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 shares of Travel + Leisure from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $63.00 to $72.00 in a report on Thursday, July 24th. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. Finally, Barclays lifted their target price on Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.30.

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.