Hennion & Walsh Asset Management Inc. Invests $473,000 in Travel + Leisure Co. $TNL

Hennion & Walsh Asset Management Inc. purchased a new stake in Travel + Leisure Co. (NYSE:TNL) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,951 shares of the company’s stock, valued at approximately $473,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TNL. Hillsdale Investment Management Inc. bought a new stake in Travel + Leisure during the 2nd quarter valued at $27,000. Parkside Financial Bank & Trust grew its position in shares of Travel + Leisure by 155.3% in the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after purchasing an additional 382 shares in the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Travel + Leisure by 13,383.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock valued at $48,000 after purchasing an additional 803 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in Travel + Leisure during the 2nd quarter worth about $45,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after purchasing an additional 715 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Price Performance

TNL stock opened at $75.04 on Monday. The firm has a 50 day simple moving average of $68.46 and a two-hundred day simple moving average of $63.14. The stock has a market cap of $4.83 billion, a PE ratio of 12.34, a P/E/G ratio of 0.53 and a beta of 1.38. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $76.21.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, beating 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 quarter last year, the company posted $1.57 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. On average, research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.24 annualized dividend and a yield of 3.0%. Travel + Leisure’s payout ratio is 36.84%.

Wall Street Analysts Forecast Growth

TNL has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, October 8th. Barclays set a $70.00 price objective on shares of Travel + Leisure and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Truist Financial increased their target price on shares of Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. JMP Securities boosted their price target on shares of Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research report on Thursday, October 23rd. Finally, Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $72.22.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Kimberly Marshall sold 16,500 shares of the stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $65.00, for a total transaction of $1,072,500.00. Following the transaction, the insider directly owned 40,236 shares in the company, valued at $2,615,340. This trade represents a 29.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amandine Robin-Caplan sold 1,538 shares of Travel + Leisure stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $65.08, for a total transaction of $100,093.04. Following the transaction, 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 SEC filing for this sale provides additional information. Insiders have sold a total of 198,776 shares of company stock valued at $13,080,628 over the last quarter. 3.75% of the stock is owned by company insiders.

About Travel + Leisure

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.