Captrust Financial Advisors Invests $224,000 in Travel + Leisure Co. (NYSE:TNL)

Captrust Financial Advisors purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,858 shares of the company’s stock, valued at approximately $224,000.

A number of other large investors also recently modified their holdings of the business. Capstone Investment Advisors LLC acquired a new position in shares of Travel + Leisure during the third quarter worth approximately $240,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Travel + Leisure during the third quarter worth approximately $1,613,000. Freedom Investment Management Inc. lifted its holdings in shares of Travel + Leisure by 67.6% during the third quarter. Freedom Investment Management Inc. now owns 9,830 shares of the company’s stock worth $453,000 after buying an additional 3,965 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Travel + Leisure during the third quarter worth approximately $43,000. Finally, FMR LLC lifted its holdings in shares of Travel + Leisure by 28.5% during the third quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after buying an additional 58,008 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the transaction, the director now owns 362,947 shares of the company’s stock, valued at $17,258,129.85. This represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Geoffrey Richards sold 5,009 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the transaction, the insider now directly owns 125,209 shares in the company, valued at $6,530,901.44. The trade was a 3.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,209 shares of company stock valued at $4,940,022. 4.02% of the stock is currently owned by corporate insiders.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $53.15 on Monday. The business’s fifty day moving average price is $51.12 and its two-hundred day moving average price is $46.67. Travel + Leisure Co. has a fifty-two week low of $37.99 and a fifty-two week high of $56.91. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.77 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business’s revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.54 earnings per share. Research analysts expect that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Wall Street Analysts Forecast Growth

TNL has been the topic of a number of research reports. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Tigress Financial boosted their price objective on Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Truist Financial boosted their price objective on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Travel + Leisure presently has an average rating of “Moderate Buy” and an average price target of $58.50.

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.