Optas LLC Invests $225,000 in Travel + Leisure Co. $TNL

Optas LLC acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,353 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors also recently modified their holdings of the company. Elequin Capital LP acquired a new position in shares of Travel + Leisure during the 1st quarter worth about $30,000. Geneos Wealth Management Inc. grew its stake in Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after buying an additional 715 shares during the last quarter. UMB Bank n.a. grew its stake in Travel + Leisure by 54.0% in the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company’s stock valued at $54,000 after buying an additional 409 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Travel + Leisure in the 1st quarter valued at about $54,000. Finally, Rossby Financial LCC acquired a new position in Travel + Leisure in the 1st quarter valued at about $55,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travel + Leisure

In other news, Director George Herrera sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total transaction of $133,056.00. Following the completion of the sale, the director owned 559 shares of the company’s stock, valued at approximately $33,808.32. This represents a 79.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Geoffrey Richards sold 124,454 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the sale, the insider directly owned 118,718 shares of the company’s stock, valued at approximately $7,426,998.08. This trade represents a 51.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 299,389 shares of company stock worth $18,567,207 in the last 90 days. Corporate insiders own 3.75% of the company’s stock.

Travel + Leisure Stock Down 2.4%

Shares of NYSE:TNL opened at $58.09 on Friday. The company’s 50 day moving average price is $60.97 and its two-hundred day moving average price is $53.56. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $64.11. The firm has a market cap of $3.77 billion, a PE ratio of 10.02, a PEG ratio of 0.58 and a beta of 1.47.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company earned $1.52 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, September 12th. Travel + Leisure’s dividend payout ratio is 38.62%.

Analysts Set New Price Targets

A number of research analysts recently commented on TNL shares. JMP Securities upped their price target on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a “market outperform” rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday. Mizuho upgraded shares of Travel + Leisure from a “neutral” rating to an “outperform” rating and upped their price target for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Travel + Leisure from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Finally, Barclays upped their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, July 24th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.30.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.