Foster & Motley Inc. Purchases 13,117 Shares of Travel + Leisure Co. $TNL

Foster & Motley Inc. increased its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 157,208 shares of the company’s stock after buying an additional 13,117 shares during the quarter. Foster & Motley Inc. owned 0.24% of Travel + Leisure worth $9,352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TNL. AQR Capital Management LLC raised its position in shares of Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after purchasing an additional 855,151 shares during the period. LSV Asset Management increased its stake in Travel + Leisure by 69.0% during the 2nd quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock worth $83,371,000 after purchasing an additional 659,293 shares in the last quarter. Norges Bank acquired a new stake in Travel + Leisure during the 2nd quarter worth approximately $50,934,000. Swedbank AB raised its holdings in Travel + Leisure by 12.9% during the 2nd quarter. Swedbank AB now owns 774,499 shares of the company’s stock worth $39,972,000 after buying an additional 88,271 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Travel + Leisure by 6.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 687,960 shares of the company’s stock valued at $35,506,000 after buying an additional 42,934 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Amandine Robin-Caplan sold 1,538 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $65.08, for a total value of $100,093.04. Following the completion of the sale, the insider owned 3,904 shares of the company’s stock, valued at approximately $254,072.32. This represents a 28.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director George Herrera sold 559 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $68.18, for a total transaction of $38,112.62. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 198,776 shares of company stock worth $13,080,628. 3.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TNL shares. Wells Fargo & Company initiated coverage on shares of Travel + Leisure in a research report on Tuesday, November 18th. They set an “overweight” rating and a $74.00 price objective for the company. JMP Securities upped their target price on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 23rd. Morgan Stanley set a $68.00 target price on Travel + Leisure in a report on Wednesday, October 22nd. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.22.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $73.44 on Thursday. The company’s 50-day moving average price is $67.97 and its two-hundred day moving average price is $62.70. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $75.27. The stock has a market capitalization of $4.72 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.53 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.08. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned $1.57 EPS. Travel + Leisure’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.24 annualized dividend and a dividend yield of 3.1%. Travel + Leisure’s payout ratio is 36.84%.

Travel + Leisure 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.