Janney Montgomery Scott LLC increased its stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 57.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,696 shares of the company’s stock after purchasing an additional 11,186 shares during the period. Janney Montgomery Scott LLC’s holdings in Travel + Leisure were worth $1,238,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Dupont Capital Management Corp increased its position in Travel + Leisure by 178.6% during the 2nd quarter. Dupont Capital Management Corp now owns 3,580 shares of the company’s stock worth $144,000 after purchasing an additional 2,295 shares in the last quarter. Creative Planning lifted its stake in shares of Travel + Leisure by 101,142.9% during the second quarter. Creative Planning now owns 7,087 shares of the company’s stock valued at $286,000 after buying an additional 7,080 shares during the period. Summit Global Investments boosted its position in Travel + Leisure by 116.2% during the second quarter. Summit Global Investments now owns 14,700 shares of the company’s stock worth $593,000 after acquiring an additional 7,900 shares during the last quarter. Fortem Financial Group LLC grew its stake in Travel + Leisure by 32.6% in the 2nd quarter. Fortem Financial Group LLC now owns 17,416 shares of the company’s stock worth $703,000 after acquiring an additional 4,284 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in Travel + Leisure by 3.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,300 shares of the company’s stock valued at $900,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.
Travel + Leisure Stock Down 1.5 %
Travel + Leisure stock opened at $33.13 on Tuesday. The firm has a fifty day moving average of $37.39 and a 200-day moving average of $38.73. Travel + Leisure Co. has a 52-week low of $33.09 and a 52-week high of $44.99. The firm has a market capitalization of $2.45 billion, a P/E ratio of 7.27, a PEG ratio of 0.44 and a beta of 1.67.
Travel + Leisure Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.80 annualized dividend and a dividend yield of 5.43%. Travel + Leisure’s payout ratio is currently 39.47%.
Insider Buying and Selling
In other news, Director George Herrera sold 834 shares of Travel + Leisure stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $38.09, for a total transaction of $31,767.06. Following the sale, the director now owns 5,838 shares in the company, valued at $222,369.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Olivier Chavy sold 5,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $38.57, for a total value of $192,850.00. Following the transaction, the insider now owns 21,605 shares in the company, valued at $833,304.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George Herrera sold 834 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $38.09, for a total value of $31,767.06. Following the sale, the director now owns 5,838 shares of the company’s stock, valued at approximately $222,369.42. The disclosure for this sale can be found here. 2.84% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
TNL has been the topic of several analyst reports. Truist Financial decreased their price objective on Travel + Leisure from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, August 11th. Tigress Financial assumed coverage on Travel + Leisure in a report on Thursday, August 24th. They issued a “buy” rating and a $52.00 price target for the company. TheStreet upgraded shares of Travel + Leisure from a “c” rating to a “b-” rating in a report on Wednesday, July 26th. Jefferies Financial Group dropped their price target on shares of Travel + Leisure from $44.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday, October 5th. Finally, Barclays lowered their price objective on shares of Travel + Leisure from $43.00 to $38.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $47.86.
View Our Latest Analysis on TNL
Travel + Leisure Profile
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.
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