Foster & Motley Inc. Purchases 10,616 Shares of Travel + Leisure Co. $TNL

Foster & Motley Inc. lifted its position in Travel + Leisure Co. (NYSE:TNL) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,895 shares of the company’s stock after buying an additional 10,616 shares during the quarter. Foster & Motley Inc. owned about 0.30% of Travel + Leisure worth $12,862,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Baron Wealth Management LLC increased its stake in shares of Travel + Leisure by 2.8% in the first quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock worth $343,000 after purchasing an additional 133 shares during the period. Diversified Trust Co boosted its stake in Travel + Leisure by 0.7% during the 1st quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock valued at $1,342,000 after purchasing an additional 137 shares during the period. PNC Financial Services Group Inc. boosted its stake in 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 purchasing an additional 148 shares during the period. Evolve Private Wealth LLC grew its holdings in Travel + Leisure by 1.7% in the 1st quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock valued at $641,000 after buying an additional 156 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Travel + Leisure by 19.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock valued at $59,000 after buying an additional 189 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Denny Marie Post sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $63.83, for a total transaction of $159,575.00. Following the sale, the director owned 1,977 shares in the company, valued at approximately $126,191.91. This represents a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kimberly Marshall sold 28,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total value of $1,964,760.00. Following the completion of the sale, the insider directly owned 33,191 shares of the company’s stock, valued at approximately $2,329,012.47. The trade was a 45.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 53,074 shares of company stock worth $3,907,122. 4.01% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays cut 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 report on Thursday, April 23rd. The Goldman Sachs Group raised Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Monday, June 1st. Wells Fargo & Company lowered their price target on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a research note on Thursday, April 23rd. Morgan Stanley cut their price target on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Finally, Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus target price of $85.40.

Travel + Leisure Price Performance

Travel + Leisure stock opened at $76.18 on Friday. The company’s 50 day simple moving average is $69.46 and its 200 day simple moving average is $71.17. Travel + Leisure Co. has a fifty-two week low of $50.43 and a fifty-two week high of $81.00. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 0.59 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The firm had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $954.80 million. During the same period in the previous year, the firm earned $1.11 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. As a group, analysts predict that Travel + Leisure Co. will post 7.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

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

Travel + Leisure Company 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.