Hsbc Holdings PLC Buys New Shares in Travel + Leisure Co. $TNL

Hsbc Holdings PLC acquired a new stake in Travel + Leisure Co. (NYSE:TNLFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 45,660 shares of the company’s stock, valued at approximately $3,506,000. Hsbc Holdings PLC owned 0.07% of Travel + Leisure at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TNL. Elevation Wealth Partners LLC boosted its position in Travel + Leisure by 413.3% during the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after purchasing an additional 372 shares during the period. Danske Bank A S bought a new position in shares of Travel + Leisure in the third quarter valued at about $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Travel + Leisure during the 2nd quarter worth about $46,000. Assetmark Inc. lifted its stake in shares of Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after buying an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TNL has been the topic of several recent research reports. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Monday, June 1st. Barclays boosted their target price on shares of Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Susquehanna initiated coverage on shares of Travel + Leisure in a research report on Tuesday, August 18th. They set a “positive” rating and a $95.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on shares of Travel + Leisure from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.82.

Get Our Latest Stock Report on Travel + Leisure

Insiders Place Their Bets

In other Travel + Leisure news, Director George Herrera sold 500 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total transaction of $37,580.00. Following the transaction, the director directly owned 1,353 shares in the company, valued at approximately $101,691.48. This represents a 26.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Michael Duncan sold 20,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the transaction, the chief accounting officer directly owned 5,307 shares in the company, valued at approximately $393,567.12. This represents a 79.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 115,135 shares of company stock worth $8,505,899 in the last quarter. 4.01% of the stock is currently owned by company insiders.

Travel + Leisure Trading Down 0.6%

Shares of NYSE TNL opened at $71.27 on Friday. The company has a market cap 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 Co. has a 12 month low of $58.07 and a 12 month high of $81.00. The stock has a 50-day moving average price of $74.84 and a two-hundred day moving average price of $72.15.

Travel + Leisure (NYSE:TNLGet Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. The business 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 business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 EPS. On average, sell-side analysts predict that Travel + Leisure Co. will post 7.7 earnings per share for the current year.

Travel + Leisure Announces Dividend

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

Travel + Leisure Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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