Dorsey Wright & Associates Acquires 15,564 Shares of Travel + Leisure Co. $TNL

Dorsey Wright & Associates boosted its stake in Travel + Leisure Co. (NYSE:TNL) by 280.3% during the first quarter, HoldingsChannel reports. The firm owned 21,116 shares of the company’s stock after buying an additional 15,564 shares during the period. Dorsey Wright & Associates’ holdings in Travel + Leisure were worth $1,461,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TNL. Norges Bank purchased a new stake in shares of Travel + Leisure during the 4th quarter valued at $62,162,000. AQR Capital Management LLC grew its position in Travel + Leisure by 46.8% in the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after acquiring an additional 855,151 shares in the last quarter. Gotham Asset Management LLC grew its position in Travel + Leisure by 139.2% in the fourth quarter. Gotham Asset Management LLC now owns 631,336 shares of the company’s stock worth $44,528,000 after acquiring an additional 367,356 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Travel + Leisure by 68.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 885,105 shares of the company’s stock valued at $62,427,000 after acquiring an additional 359,186 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Travel + Leisure by 124.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 567,478 shares of the company’s stock valued at $40,024,000 after acquiring an additional 314,481 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Denny Marie Post sold 2,500 shares of the business’s stock in a transaction 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George Herrera sold 500 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the transaction, the director directly owned 1,353 shares in the company, valued at approximately $101,691.48. The trade was a 26.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 31,000 shares of company stock valued at $2,161,915. Company insiders own 4.01% of the company’s stock.

Travel + Leisure Trading Down 2.7%

NYSE:TNL opened at $73.43 on Friday. The company has a 50-day moving average price of $71.47 and a 200-day moving average price of $71.61. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 0.58 and a beta of 1.16. Travel + Leisure Co. has a 12 month low of $56.29 and a 12 month high of $81.00.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. The company had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $954.80 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.11 EPS. Equities analysts forecast that Travel + Leisure Co. will post 7.47 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TNL shares. Weiss Ratings raised Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Morgan Stanley lifted their price target on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays lowered their price objective on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Finally, The Goldman Sachs Group raised shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Monday, June 1st. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.90.

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.