DekaBank Deutsche Girozentrale Makes New $45,000 Investment in Travel + Leisure Co. $TNL

DekaBank Deutsche Girozentrale bought a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 860 shares of the company’s stock, valued at approximately $45,000.

A number of other institutional investors have also recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in shares of Travel + Leisure by 17.8% during the second quarter. Parallel Advisors LLC now owns 1,202 shares of the company’s stock worth $62,000 after purchasing an additional 182 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Travel + Leisure by 10.8% during the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $117,000 after purchasing an additional 220 shares in the last quarter. KBC Group NV boosted its position in shares of Travel + Leisure by 8.1% during the first quarter. KBC Group NV now owns 3,128 shares of the company’s stock worth $145,000 after purchasing an additional 235 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Travel + Leisure by 9.5% during the second quarter. IFP Advisors Inc now owns 3,008 shares of the company’s stock worth $155,000 after purchasing an additional 262 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Travel + Leisure by 3.0% during the first quarter. Cetera Investment Advisers now owns 10,789 shares of the company’s stock worth $499,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

TNL has been the topic of a number of recent analyst reports. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a research report on Thursday. Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. The Goldman Sachs Group lifted their price target on shares of Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. JMP Securities lifted their price target on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $69.90.

Insider Activity

In other Travel + Leisure news, insider Geoffrey Richards sold 1,404 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $64.50, for a total transaction of $90,558.00. Following the sale, the insider directly owned 139,615 shares of the company’s stock, valued at $9,005,167.50. The trade was a 1.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Amandine Robin-Caplan sold 1,538 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $65.08, for a total transaction of $100,093.04. Following the sale, the insider directly owned 3,904 shares in the company, valued at $254,072.32. This trade represents a 28.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,406 shares of company stock worth $6,635,779. 3.75% of the stock is currently owned by company insiders.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $65.83 on Tuesday. The company’s 50-day moving average price is $61.58 and its two-hundred day moving average price is $55.13. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $70.43. The stock has a market capitalization of $4.23 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.63 and a beta of 1.47.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.72 by $0.08. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the firm posted $1.57 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.24 annualized dividend and a yield of 3.4%. Travel + Leisure’s payout ratio is 36.84%.

Travel + Leisure Company 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.