27,619 Shares in Travel + Leisure Co. $TNL Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in Travel + Leisure Co. (NYSE:TNL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 27,619 shares of the company’s stock, valued at approximately $2,111,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TNL. Danske Bank A S acquired a new stake in shares of Travel + Leisure during the 3rd quarter worth approximately $30,000. Elevation Wealth Partners LLC increased its stake in Travel + Leisure by 413.3% in the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after acquiring an additional 372 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in Travel + Leisure in the fourth quarter valued at approximately $43,000. Assetmark Inc. raised its position in Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after purchasing an additional 191 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after purchasing an additional 715 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TNL shares. The Goldman Sachs Group raised Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Monday, June 1st. Barclays boosted their price target on Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Susquehanna assumed coverage on Travel + Leisure in a research report on Tuesday. They set a “positive” rating and a $95.00 price objective for the company. Morgan Stanley raised their price objective on Travel + Leisure from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, August 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.82.

Insider Buying and Selling

In related news, Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $37,580.00. Following the sale, the director directly owned 1,353 shares in the company, valued at $101,691.48. This trade represents a 26.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kimberly Marshall sold 32,691 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,135 shares of company stock worth $7,022,699 in the last ninety days. Company insiders own 4.01% of the company’s stock.

Travel + Leisure Stock Up 1.3%

Shares of TNL opened at $71.63 on Friday. Travel + Leisure Co. has a 12-month low of $58.07 and a 12-month high of $81.00. The business has a 50-day simple moving average of $75.15 and a two-hundred day simple moving average of $72.11. The stock has a market cap of $4.38 billion, a PE ratio of 19.57, a PEG ratio of 0.49 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting analysts’ consensus estimates of $1.88. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $1.65 earnings per share. On average, equities research analysts expect that Travel + Leisure Co. will post 7.6 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio (DPR) is 65.57%.

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.