Diversify Advisory Services LLC Invests $710,000 in Travel + Leisure Co. $TNL

Diversify Advisory Services LLC purchased a new position in Travel + Leisure Co. (NYSE:TNL) during the 2nd quarter, Holdings Channel reports. The fund purchased 9,307 shares of the company’s stock, valued at approximately $710,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TNL. Danske Bank A S purchased a new stake in Travel + Leisure in the 3rd quarter valued at about $30,000. Elevation Wealth Partners LLC grew its stake in Travel + Leisure by 413.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after acquiring an additional 372 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Travel + Leisure during the fourth quarter worth approximately $43,000. Assetmark Inc. increased its position in shares of Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after acquiring an additional 191 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 715 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TNL. Barclays boosted their price target on Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Susquehanna started coverage on Travel + Leisure in a research report on Tuesday. They set a “positive” rating and a $95.00 target price for the company. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Travel + Leisure in a research report on Tuesday, July 21st. Finally, Mizuho increased their price target on Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Travel + Leisure presently has an average rating of “Buy” and a consensus target price of $87.82.

Insiders Place Their Bets

In other Travel + Leisure news, insider Kimberly Marshall sold 32,691 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total value of $2,451,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 500 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total value of $37,580.00. Following the sale, the director owned 1,353 shares in the company, valued at $101,691.48. The trade was a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 95,135 shares of company stock valued at $7,022,699. 4.01% of the stock is currently owned by corporate insiders.

Travel + Leisure Trading Down 3.3%

NYSE TNL opened at $70.59 on Friday. The firm’s fifty day simple moving average is $75.20 and its two-hundred day simple moving average is $72.12. The firm has a market capitalization of $4.32 billion, a P/E ratio of 19.29, a P/E/G ratio of 0.50 and a beta of 1.17. Travel + Leisure Co. has a 12-month low of $57.86 and a 12-month high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Travel + Leisure Co. will post 7.66 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

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

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.