Inscription Capital LLC Has $1.17 Million Holdings in Travel + Leisure Co. $TNL

Inscription Capital LLC raised its position in Travel + Leisure Co. (NYSE:TNL) by 150.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 19,623 shares of the company’s stock after purchasing an additional 11,802 shares during the period. Inscription Capital LLC’s holdings in Travel + Leisure were worth $1,167,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its stake in Travel + Leisure by 2,704.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,963 shares of the company’s stock valued at $101,000 after purchasing an additional 1,893 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Travel + Leisure by 45.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 60,948 shares of the company’s stock valued at $3,429,000 after acquiring an additional 18,930 shares in the last quarter. Advisors Capital Management LLC grew its stake in shares of Travel + Leisure by 1.1% in the 2nd quarter. Advisors Capital Management LLC now owns 399,794 shares of the company’s stock worth $20,633,000 after acquiring an additional 4,242 shares in the last quarter. Ethic Inc. lifted its position in shares of Travel + Leisure by 132.0% during the third quarter. Ethic Inc. now owns 27,108 shares of the company’s stock valued at $1,613,000 after purchasing an additional 15,422 shares in the last quarter. Finally, Savant Capital LLC grew its position in Travel + Leisure by 54.1% in the 2nd quarter. Savant Capital LLC now owns 56,934 shares of the company’s stock worth $2,938,000 after purchasing an additional 19,997 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TNL has been the subject of several recent analyst reports. JMP Securities upped their target price on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a report on Thursday, October 23rd. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, October 23rd. Morgan Stanley lifted their target price on Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company started coverage on shares of Travel + Leisure in a research report on Tuesday, November 18th. They set an “overweight” rating and a $74.00 price target for the company. Finally, Mizuho set a $86.00 price objective on shares of Travel + Leisure in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $73.56.

Travel + Leisure Price Performance

Shares of TNL stock opened at $69.84 on Wednesday. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.51 and a beta of 1.38. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $76.21. The firm has a fifty day moving average price of $69.81 and a 200-day moving average price of $64.08.

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

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, December 12th. Travel + Leisure’s dividend payout ratio is presently 36.84%.

Insiders Place Their Bets

In related news, insider Jeffrey Myers sold 50,000 shares of the stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the completion of the transaction, the insider directly owned 63,789 shares of the company’s stock, valued at approximately $4,234,313.82. This represents a 43.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Geoffrey Richards sold 62,525 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the completion of the transaction, the insider directly owned 39,604 shares of the company’s stock, valued at approximately $2,580,992.68. This trade represents a 61.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 180,872 shares of company stock valued at $11,917,570. 3.75% of the stock is owned by company insiders.

Travel + Leisure Company Profile

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.