Great Lakes Advisors LLC Buys Shares of 21,589 Travel + Leisure Co. $TNL

Great Lakes Advisors LLC purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,589 shares of the company’s stock, valued at approximately $1,650,000.

Several other large investors have also recently modified their holdings of TNL. BlackRock Inc. acquired a new position in shares of Travel + Leisure during the second quarter worth $543,957,000. Norges Bank acquired a new stake in shares of Travel + Leisure during the fourth quarter worth $62,162,000. AQR Capital Management LLC grew its holdings 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 valued at $138,449,000 after buying an additional 855,151 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Travel + Leisure during the second quarter valued at $55,087,000. Finally, Gotham Asset Management LLC increased its position in shares of Travel + Leisure by 139.2% in the 4th quarter. Gotham Asset Management LLC now owns 631,336 shares of the company’s stock valued at $44,528,000 after acquiring an additional 367,356 shares during the period. Institutional investors own 87.54% of the company’s stock.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 33,744 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $75.65, for a total value of $2,552,733.60. Following the completion of the transaction, the insider owned 1,600 shares of the company’s stock, valued at $121,040. This trade represents a 95.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kimberly Marshall sold 32,691 shares of Travel + Leisure stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 95,135 shares of company stock valued at $7,022,699. 4.01% of the stock is currently owned by corporate insiders.

Travel + Leisure Trading Up 1.3%

NYSE:TNL opened at $71.63 on Friday. The stock has a 50 day moving average of $75.15 and a two-hundred day moving average of $72.11. Travel + Leisure Co. has a 12 month low of $58.07 and a 12 month high of $81.00. The firm has a market cap of $4.38 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 0.49 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. On average, research analysts forecast that Travel + Leisure Co. will post 7.6 earnings per share for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio (DPR) is presently 65.57%.

Analyst Ratings Changes

TNL has been the subject of a number of research reports. Morgan Stanley lifted their price target on Travel + Leisure from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Mizuho boosted their price target on Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Barclays raised their price objective on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a report on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.82.

Travel + Leisure Company 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.