Foster & Motley Inc. Has $12.36 Million Stock Position in Travel + Leisure Co. $TNL

Foster & Motley Inc. raised its position in Travel + Leisure Co. (NYSE:TNL) by 11.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 175,279 shares of the company’s stock after acquiring an additional 18,071 shares during the period. Foster & Motley Inc. owned approximately 0.27% of Travel + Leisure worth $12,362,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of TNL. Invesco Ltd. raised its holdings in Travel + Leisure by 8.4% during the third quarter. Invesco Ltd. now owns 3,486,173 shares of the company’s stock worth $207,392,000 after buying an additional 270,474 shares during the last quarter. AQR Capital Management LLC lifted its position 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 purchasing an additional 855,151 shares in the last quarter. Norges Bank bought a new position in shares of Travel + Leisure during the 2nd quarter worth approximately $50,934,000. Arrowstreet Capital Limited Partnership lifted its holdings in Travel + Leisure by 3.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 713,266 shares of the company’s stock worth $42,432,000 after acquiring an additional 25,306 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Travel + Leisure by 231.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock worth $41,143,000 after purchasing an additional 482,731 shares during the period. Institutional investors own 87.54% of the company’s stock.

Insider Activity

In other news, Director George Herrera sold 1,748 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total value of $122,901.88. Following the transaction, the director directly owned 1,853 shares in the company, valued at $130,284.43. The trade was a 48.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amandine Robin-Caplan sold 3,904 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $74.61, for a total transaction of $291,277.44. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 99,664 shares of company stock worth $7,390,847 in the last three months. Company insiders own 3.75% of the company’s stock.

Travel + Leisure Stock Down 0.6%

Shares of TNL opened at $67.27 on Tuesday. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $81.00. The business’s 50 day moving average price is $71.79 and its 200-day moving average price is $68.10. The stock has a market cap of $4.20 billion, a P/E ratio of 19.73, a P/E/G ratio of 0.51 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.83. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 EPS. On average, equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.40 annualized dividend and a yield of 3.6%. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.56. Travel + Leisure’s payout ratio is currently 70.38%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, February 19th. The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Oppenheimer reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Travel + Leisure in a report on Wednesday, February 18th. Barclays set a $78.00 price objective on shares of Travel + Leisure in a report on Thursday, February 19th. Finally, Morgan Stanley boosted their target price on Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently 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.