10,366 Shares in Travel + Leisure Co. (NYSE:TNL) Purchased by Foster & Motley Inc.

Foster & Motley Inc. bought a new position in shares of Travel + Leisure Co. (NYSE:TNL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,366 shares of the company’s stock, valued at approximately $478,000.

Several other hedge funds also recently made changes to their positions in TNL. Quest Partners LLC grew its position in Travel + Leisure by 1,474.2% during the second quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock worth $998,000 after buying an additional 20,772 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Travel + Leisure during the 1st quarter worth $4,739,000. Harbor Capital Advisors Inc. increased its position in shares of Travel + Leisure by 125.9% in the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock worth $2,393,000 after purchasing an additional 29,656 shares during the period. LSV Asset Management raised its stake in Travel + Leisure by 6.4% in the first quarter. LSV Asset Management now owns 589,100 shares of the company’s stock valued at $28,842,000 after purchasing an additional 35,591 shares in the last quarter. Finally, Hancock Whitney Corp bought a new stake in Travel + Leisure during the second quarter worth about $1,925,000. 87.54% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the transaction, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,448 shares of company stock valued at $4,294,241. 4.02% of the stock is currently owned by company insiders.

Travel + Leisure Trading Up 1.8 %

Travel + Leisure stock opened at $53.29 on Friday. The company has a market capitalization of $3.65 billion, a PE ratio of 9.05, a P/E/G ratio of 0.71 and a beta of 1.61. The stock has a 50-day moving average price of $45.80 and a two-hundred day moving average price of $44.95. Travel + Leisure Co. has a 12 month low of $34.12 and a 12 month high of $53.52.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $1.54 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, analysts predict that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Friday, September 13th. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Analyst Ratings Changes

TNL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. Tigress Financial boosted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their target price on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Barclays boosted their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.67.

Travel + Leisure Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel 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.