Cambridge Investment Research Advisors Inc. Boosts Stock Position in Travel + Leisure Co. $TNL

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 360.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,004 shares of the company’s stock after buying an additional 10,964 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Travel + Leisure were worth $1,070,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Danske Bank A S bought a new position in shares of Travel + Leisure during the third quarter valued at $30,000. Elevation Wealth Partners LLC boosted its stake in Travel + Leisure by 413.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after purchasing an additional 372 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Travel + Leisure during the 4th quarter valued at about $43,000. Assetmark Inc. grew its position in Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after purchasing an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after purchasing an additional 715 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insider Buying and Selling

In other Travel + Leisure news, insider Geoffrey Richards sold 33,744 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $75.65, for a total value of $2,552,733.60. Following the transaction, the insider owned 1,600 shares of the company’s stock, valued at approximately $121,040. This represents a 95.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kimberly Marshall sold 32,691 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total value of $2,451,825.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,135 shares of company stock valued at $7,022,699 over the last 90 days. Company insiders own 4.01% of the company’s stock.

Travel + Leisure Stock Up 0.0%

TNL opened at $74.70 on Friday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 0.51 and a beta of 1.17. The firm has a 50 day moving average price of $75.10 and a 200-day moving average price of $72.00. Travel + Leisure Co. has a twelve month low of $57.86 and a twelve month high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.65 earnings per share. As a group, analysts expect that Travel + Leisure Co. will post 7.68 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio (DPR) is 65.57%.

Analyst Ratings Changes

TNL has been the subject of several recent analyst reports. Morgan Stanley lifted their target price on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Travel + Leisure in a report on Tuesday, July 21st. Mizuho upped their price objective on Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Zacks Research raised Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $86.90.

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.