Chicago Partners Investment Group LLC Makes New Investment in Travel + Leisure Co. $TNL

Chicago Partners Investment Group LLC purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,161 shares of the company’s stock, valued at approximately $421,000.

Several other large investors also recently modified their holdings of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Travel + Leisure during the 2nd quarter worth approximately $2,677,000. Foster & Motley Inc. grew its position in shares of Travel + Leisure by 31.3% during the 2nd quarter. Foster & Motley Inc. now owns 144,091 shares of the company’s stock worth $7,437,000 after buying an additional 34,375 shares during the period. Ritholtz Wealth Management grew its position in shares of Travel + Leisure by 121.0% during the 2nd quarter. Ritholtz Wealth Management now owns 34,549 shares of the company’s stock worth $1,783,000 after buying an additional 18,915 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Travel + Leisure by 8.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,799 shares of the company’s stock worth $454,000 after buying an additional 666 shares during the period. Finally, CWM LLC grew its position in shares of Travel + Leisure by 83.4% during the 2nd quarter. CWM LLC now owns 39,640 shares of the company’s stock worth $2,046,000 after buying an additional 18,024 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Activity

In other news, Director George Herrera sold 2,200 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total transaction of $133,056.00. Following the sale, the director directly owned 559 shares in the company, valued at $33,808.32. This represents a 79.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Geoffrey Richards sold 124,454 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $62.56, for a total value of $7,785,842.24. Following the sale, the insider owned 118,718 shares in the company, valued at approximately $7,426,998.08. This represents a 51.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.75% of the company’s stock.

Travel + Leisure Price Performance

TNL opened at $70.11 on Thursday. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.59 and a beta of 1.47. The firm’s fifty day moving average price is $61.28 and its two-hundred day moving average price is $54.43. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $70.43.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. As a group, equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were given a dividend of $0.56 per share. The ex-dividend date was Friday, September 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.2%. Travel + Leisure’s dividend payout ratio is currently 38.62%.

Analyst Ratings Changes

TNL has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a research report on Wednesday, October 8th. Mizuho set a $86.00 price target on shares of Travel + Leisure in a research report on Wednesday. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Morgan Stanley set a $68.00 price target on shares of Travel + Leisure in a research report on Wednesday. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.30.

About Travel + Leisure

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.