Diversify Wealth Management LLC Buys Shares of 8,909 Travel + Leisure Co. $TNL

Diversify Wealth Management LLC acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,909 shares of the company’s stock, valued at approximately $563,000.

A number of other large investors have also recently made changes to their positions in the company. Baron Wealth Management LLC grew its holdings in shares of Travel + Leisure by 2.8% during the first quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock worth $343,000 after buying an additional 133 shares during the last quarter. Diversified Trust Co increased its stake in shares of Travel + Leisure by 0.7% during the 1st quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock valued at $1,342,000 after acquiring an additional 137 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Travel + Leisure by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock worth $408,000 after purchasing an additional 148 shares during the period. Evolve Private Wealth LLC lifted its holdings in Travel + Leisure by 1.7% in the 1st quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock worth $641,000 after buying an additional 156 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Travel + Leisure by 19.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock valued at $59,000 after buying an additional 189 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

TNL opened at $73.43 on Friday. Travel + Leisure Co. has a fifty-two week low of $56.29 and a fifty-two week high of $81.00. The stock has a fifty day moving average of $71.47 and a 200-day moving average of $71.61. The company has a market capitalization of $4.58 billion, a P/E ratio of 20.63, a P/E/G ratio of 0.58 and a beta of 1.16.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $954.80 million. During the same period in the prior year, the company posted $1.11 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities research analysts predict that Travel + Leisure Co. will post 7.47 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, June 12th. Travel + Leisure’s dividend payout ratio is currently 67.42%.

Insider Buying and Selling

In other news, Director Denny Marie Post sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $63.83, for a total value of $159,575.00. Following the transaction, the director owned 1,977 shares in the company, valued at $126,191.91. The trade was a 55.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kimberly Marshall sold 28,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the sale, the insider owned 33,191 shares of the company’s stock, valued at $2,329,012.47. This trade represents a 45.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,000 shares of company stock worth $2,161,915 over the last three months. Company insiders own 4.01% of the company’s stock.

Analyst Ratings Changes

TNL has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Mizuho dropped their price objective on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Barclays cut their price objective on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group upgraded shares of 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. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.90.

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.