Sei Investments Co. Has $26.95 Million Stock Holdings in Travel + Leisure Co. $TNL

Sei Investments Co. grew its position in Travel + Leisure Co. (NYSE:TNL) by 39.7% during the first quarter, HoldingsChannel reports. The firm owned 389,506 shares of the company’s stock after buying an additional 110,747 shares during the quarter. Sei Investments Co.’s holdings in Travel + Leisure were worth $26,951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TNL. Royal Bank of Canada grew its stake in Travel + Leisure by 42.0% in the 1st quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock valued at $4,222,000 after buying an additional 26,965 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in Travel + Leisure during the 1st quarter worth $396,000. Millennium Management LLC boosted its holdings in Travel + Leisure by 129.5% during the first quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock valued at $19,141,000 after acquiring an additional 233,345 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Travel + Leisure by 97.1% during the first quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock valued at $9,271,000 after acquiring an additional 98,647 shares during the period. Finally, United Services Automobile Association acquired a new stake in shares of Travel + Leisure in the first quarter valued at about $206,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TNL shares. Morgan Stanley lifted their price objective on Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company lifted their price target on Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Barclays upped 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Travel + Leisure in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $86.90.

Travel + Leisure Stock Performance

NYSE:TNL opened at $76.28 on Tuesday. The firm’s 50-day moving average is $72.81 and its 200-day moving average is $71.70. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 0.56 and a beta of 1.16. Travel + Leisure Co. has a 52-week low of $56.66 and a 52-week high of $81.00.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, meeting the consensus estimate of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company earned $1.65 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Equities analysts predict that Travel + Leisure Co. will post 7.58 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were given a $0.60 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.1%. Travel + Leisure’s dividend payout ratio (DPR) is currently 65.57%.

Insiders Place Their Bets

In other news, Director Denny Marie Post sold 2,500 shares of Travel + Leisure stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $63.83, for a total transaction of $159,575.00. Following the sale, the director owned 1,977 shares of the company’s stock, valued at approximately $126,191.91. This trade represents a 55.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kimberly Marshall sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total value of $1,964,760.00. Following the sale, the insider owned 33,191 shares in the company, valued at approximately $2,329,012.47. This represents a 45.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 31,000 shares of company stock worth $2,161,915. 4.01% of the stock is currently 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.