Diversify Wealth Management LLC Buys Shares of 8,909 Travel + Leisure Co. $TNL

Diversify Wealth Management LLC acquired a new stake in shares of Travel + Leisure Co. (NYSE:TNL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,909 shares of the company’s stock, valued at approximately $563,000.

Other large investors also recently added to or reduced their stakes in the company. Danske Bank A S bought a new stake in shares of Travel + Leisure during the third quarter valued at approximately $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Travel + Leisure in the fourth quarter worth $43,000. Geneos Wealth Management Inc. increased its holdings in shares of Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after acquiring an additional 715 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Travel + Leisure by 27.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock worth $88,000 after purchasing an additional 265 shares during the last quarter. Finally, Signaturefd LLC grew its position in 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 purchasing an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $73.43 on Friday. The company has a market cap of $4.58 billion, a P/E ratio of 20.63, a P/E/G ratio of 0.58 and a beta of 1.16. The firm’s fifty day moving average is $71.47 and its two-hundred day moving average is $71.61. Travel + Leisure Co. has a 52-week low of $56.29 and a 52-week high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The business had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $954.80 million. During the same period last year, the company posted $1.11 EPS. The business’s revenue was up 2.9% on a year-over-year basis. As a group, analysts forecast that Travel + Leisure Co. will post 7.47 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid a $0.60 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. Travel + Leisure’s dividend payout ratio (DPR) is presently 67.42%.

Analyst Ratings Changes

A number of research firms have weighed in on TNL. Barclays reduced their price objective on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. Wells Fargo & Company reduced their price target on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Monday, June 1st. Mizuho cut their target price on shares of Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Finally, Morgan Stanley boosted their target price on shares of Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Travel + Leisure has a consensus rating of “Moderate Buy” and an average target price of $85.90.

Insider Transactions at Travel + Leisure

In other news, insider Kimberly Marshall sold 28,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the transaction, the insider directly owned 33,191 shares in the company, valued at approximately $2,329,012.47. This trade represents a 45.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 500 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the sale, the director owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This represents a 26.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,000 shares of company stock worth $2,161,915 over the last quarter. 4.01% of the stock is owned by corporate insiders.

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.