Semanteon Capital Management LP Acquires Shares of 24,244 Travel + Leisure Co. (NYSE:TNL)

Semanteon Capital Management LP purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,244 shares of the company's stock, valued at approximately $1,117,000.

Several other hedge funds have also modified their holdings of TNL. Wealth Enhancement Advisory Services LLC lifted its position in shares of Travel + Leisure by 1.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,068 shares of the company's stock valued at $1,668,000 after buying an additional 445 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Travel + Leisure during the first quarter valued at about $576,000. State of Michigan Retirement System lifted its position in shares of Travel + Leisure by 2.3% during the first quarter. State of Michigan Retirement System now owns 17,807 shares of the company's stock valued at $872,000 after buying an additional 400 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Travel + Leisure by 11.1% during the first quarter. Private Advisor Group LLC now owns 11,894 shares of the company's stock valued at $582,000 after buying an additional 1,184 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Travel + Leisure by 20.2% during the first quarter. Janney Montgomery Scott LLC now owns 40,570 shares of the company's stock valued at $1,986,000 after buying an additional 6,807 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Travel + Leisure

In other news, Director George Herrera sold 2,193 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now owns 6,352 shares of the company's stock, valued at $269,832.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction that occurred 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 in the company, valued at $17,258,129.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George Herrera sold 2,193 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now owns 6,352 shares in the company, valued at $269,832.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,439 shares of company stock valued at $4,032,971 in the last 90 days. 4.02% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TNL has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, July 19th. The Goldman Sachs Group upped their price objective on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a report on Thursday. Truist Financial cut their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Barclays upped their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $55.00.

Travel + Leisure Price Performance

NYSE:TNL traded up $0.98 during midday trading on Monday, hitting $48.49. The company's stock had a trading volume of 405,802 shares, compared to its average volume of 591,197. Travel + Leisure Co. has a fifty-two week low of $32.74 and a fifty-two week high of $49.91. The firm's 50 day moving average is $44.76 and its 200-day moving average is $44.63. The firm has a market cap of $3.32 billion, a P/E ratio of 8.23, a P/E/G ratio of 0.69 and a beta of 1.62.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued 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 business had revenue of $993.00 million for the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business's revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS. As a group, analysts forecast that Travel + Leisure Co. will post 5.74 EPS for the current year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.12%. Travel + Leisure's payout ratio is 33.96%.

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.