45,660 Shares in Travel + Leisure Co. $TNL Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 45,660 shares of the company’s stock, valued at approximately $3,506,000.

A number of other hedge funds also recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in shares of Travel + Leisure in the second quarter valued at approximately $6,085,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Travel + Leisure during the 2nd quarter valued at approximately $3,320,000. Sanctuary Advisors LLC bought a new position in Travel + Leisure in the 2nd quarter worth approximately $477,000. Kendall Capital Management bought a new position in Travel + Leisure in the 2nd quarter worth approximately $3,409,000. Finally, Commerce Bank bought a new stake in Travel + Leisure during the 2nd quarter valued at $1,524,000. Institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TNL shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Mizuho lifted their target price on Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a report on Thursday, July 23rd. Zacks Research downgraded shares of Travel + Leisure from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, Morgan Stanley raised their price objective on shares of Travel + Leisure from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, August 18th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.82.

Travel + Leisure Stock Down 0.6%

NYSE TNL opened at $71.27 on Friday. The stock’s 50-day simple moving average is $74.84 and its two-hundred day simple moving average is $72.15. Travel + Leisure Co. has a twelve month low of $58.07 and a twelve month high of $81.00. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 0.48 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 EPS. On average, equities analysts expect that Travel + Leisure Co. will post 7.7 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio (DPR) is presently 65.57%.

Insider Buying and Selling at Travel + Leisure

In related news, insider Kimberly Marshall sold 32,691 shares of the stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total transaction of $2,451,825.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Geoffrey Richards sold 33,744 shares of Travel + Leisure stock in a transaction on Monday, July 27th. The stock was sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the completion of the transaction, the insider owned 1,600 shares in the company, valued at approximately $121,040. The trade was a 95.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 115,135 shares of company stock valued at $8,505,899 over the last ninety days. Insiders own 4.01% of the company’s stock.

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.