Diversified Trust Co Grows Stake in Travel + Leisure Co. (NYSE:TNL)

Diversified Trust Co boosted its position in shares of Travel + Leisure Co. (NYSE:TNL) by 37.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,104 shares of the company’s stock after purchasing an additional 4,348 shares during the quarter. Diversified Trust Co’s holdings in Travel + Leisure were worth $724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TNL. Versant Capital Management Inc purchased a new position in Travel + Leisure during the 2nd quarter worth $27,000. SRS Capital Advisors Inc. increased its holdings in Travel + Leisure by 334.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 764 shares of the company’s stock worth $30,000 after purchasing an additional 588 shares during the period. GAMMA Investing LLC purchased a new position in Travel + Leisure during the 4th quarter worth $36,000. Abich Financial Wealth Management LLC increased its holdings in Travel + Leisure by 10,344.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 940 shares of the company’s stock worth $46,000 after purchasing an additional 931 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in Travel + Leisure by 3,808.7% during the 4th quarter. International Assets Investment Management LLC now owns 4,495 shares of the company’s stock worth $176,000 after purchasing an additional 4,380 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Stock Up 0.9 %

Shares of Travel + Leisure stock traded up $0.37 during trading on Wednesday, reaching $42.40. The company’s stock had a trading volume of 26,252 shares, compared to its average volume of 569,973. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 7.74, a P/E/G ratio of 0.57 and a beta of 1.63. Travel + Leisure Co. has a 1-year low of $32.10 and a 1-year high of $49.91. The company has a 50-day simple moving average of $44.63 and a two-hundred day simple moving average of $44.58.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The firm had revenue of $985.00 million during the quarter, compared to analysts’ expectations of $987.20 million. During the same quarter last year, the firm earned $1.33 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts anticipate that Travel + Leisure Co. will post 5.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TNL. Deutsche Bank Aktiengesellschaft dropped their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Tigress Financial increased their target price on Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Barclays increased their target price on Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. increased their target price on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.25.

Travel + Leisure 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.