Universal Beteiligungs und Servicegesellschaft mbH Has $9.69 Million Holdings in Travel + Leisure Co. $TNL

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Travel + Leisure Co. (NYSE:TNL) by 65.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,916 shares of the company’s stock after acquiring an additional 64,442 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.25% of Travel + Leisure worth $9,692,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. AQR Capital Management LLC boosted its stake in Travel + Leisure by 46.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after purchasing an additional 855,151 shares during the period. LSV Asset Management boosted its position in shares of Travel + Leisure by 69.0% in the second quarter. LSV Asset Management now owns 1,615,402 shares of the company’s stock valued at $83,371,000 after acquiring an additional 659,293 shares during the period. Norges Bank bought a new stake in shares of Travel + Leisure in the second quarter valued at about $50,934,000. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 acquiring an additional 42,934 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in Travel + Leisure by 98.4% during the second quarter. Quantinno Capital Management LP now owns 488,307 shares of the company’s stock worth $25,202,000 after acquiring an additional 242,231 shares during the period. Institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

TNL has been the subject of a number of recent research reports. Mizuho set a $86.00 price objective on shares of Travel + Leisure in a report on Wednesday, October 22nd. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, October 23rd. Wells Fargo & Company initiated coverage on Travel + Leisure in a research note on Tuesday, November 18th. They set an “overweight” rating and a $74.00 price objective on the stock. JMP Securities upped their target price on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.56.

Insider Activity at Travel + Leisure

In related news, insider Geoffrey Richards sold 62,525 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $65.17, for a total transaction of $4,074,754.25. Following the completion of the transaction, the insider directly owned 39,604 shares in the company, valued at $2,580,992.68. This represents a 61.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Myers sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the completion of the sale, the insider owned 63,789 shares in the company, valued at $4,234,313.82. This represents a 43.94% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 150,570 shares of company stock valued at $9,896,905. 3.75% of the stock is owned by insiders.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $69.82 on Friday. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $76.21. The stock’s fifty day moving average price is $70.26 and its two-hundred day moving average price is $64.33. The company has a market cap of $4.49 billion, a PE ratio of 11.48, a P/E/G ratio of 0.62 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.Travel + Leisure’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.57 EPS. On average, equities analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, December 12th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.84%.

About Travel + Leisure

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.