Atlas Capital Advisors Inc. Makes New $501,000 Investment in Travel + Leisure Co. $TNL

Atlas Capital Advisors Inc. bought a new position in Travel + Leisure Co. (NYSE:TNL) in the fourth quarter, HoldingsChannel reports. The fund bought 7,105 shares of the company’s stock, valued at approximately $501,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of Travel + Leisure by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock valued at $408,000 after acquiring an additional 148 shares during the period. Rossby Financial LCC boosted its position in shares of Travel + Leisure by 13.1% during the 3rd quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock valued at $85,000 after acquiring an additional 163 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Travel + Leisure by 19.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock valued at $59,000 after acquiring an additional 189 shares during the last quarter. Signaturefd LLC boosted its position in shares of Travel + Leisure by 17.8% during the 4th quarter. Signaturefd LLC now owns 1,276 shares of the company’s stock valued at $90,000 after acquiring an additional 193 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Travel + Leisure by 3.7% during the 3rd quarter. Vident Advisory LLC now owns 5,595 shares of the company’s stock valued at $333,000 after acquiring an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Insider Activity

In related news, insider Kimberly Marshall sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the completion of the sale, the insider directly owned 33,191 shares in the company, valued at approximately $2,329,012.47. The trade was a 45.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denny Marie Post sold 2,500 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total value of $159,575.00. Following the completion of the sale, the director owned 1,977 shares of the company’s stock, valued at approximately $126,191.91. The trade was a 55.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,322 shares of company stock valued at $3,992,444 in the last three months. Company insiders own 4.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $90.00 price target on shares of Travel + Leisure in a report on Friday, February 20th. Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Citizens Jmp upped their target price on Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a report on Thursday, February 19th. Wells Fargo & Company cut their price objective on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Finally, Oppenheimer restated an “outperform” rating and set a $85.00 price target on shares of Travel + Leisure in a research note on Wednesday, February 18th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $85.40.

Travel + Leisure Price Performance

Shares of TNL stock opened at $74.28 on Tuesday. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 0.57 and a beta of 1.17. The stock has a 50 day simple moving average of $69.20 and a 200-day simple moving average of $70.74. Travel + Leisure Co. has a 1-year low of $47.74 and a 1-year high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.14. The business had revenue of $961.00 million during the quarter, compared to the consensus estimate of $954.81 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 EPS. Analysts anticipate that Travel + Leisure Co. will post 7.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s payout ratio is presently 67.42%.

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.