Travel + Leisure Co. (NYSE:TNL) Stock Holdings Decreased by Wright Investors Service Inc.

Wright Investors Service Inc. lessened its position in Travel + Leisure Co. (NYSE:TNL) by 63.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,779 shares of the company’s stock after selling 9,842 shares during the quarter. Wright Investors Service Inc.’s holdings in Travel + Leisure were worth $292,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares during the period. Versant Capital Management Inc raised its position in Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after buying an additional 210 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Travel + Leisure during the second quarter valued at $38,000. Brooklyn Investment Group purchased a new stake in Travel + Leisure in the 3rd quarter worth about $43,000. Finally, Capital Performance Advisors LLP acquired a new stake in Travel + Leisure during the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Buying and Selling

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the transaction, the director now owns 362,947 shares of the company’s stock, valued at $17,258,129.85. The trade was a 18.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Geoffrey Richards sold 4,607 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the sale, the insider now owns 120,602 shares of the company’s stock, valued at $6,542,658.50. This trade represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 99,016 shares of company stock valued at $4,846,863. Company insiders own 4.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TNL. Stifel Nicolaus upped their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley began coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price for the company. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial upped their price target on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Tigress Financial lifted 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $59.50.

Travel + Leisure Price Performance

Travel + Leisure stock opened at $49.80 on Tuesday. Travel + Leisure Co. has a one year low of $37.99 and a one year high of $56.91. The company’s fifty day moving average price is $52.72 and its two-hundred day moving average price is $47.66. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 0.77 and a beta of 1.64.

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

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date was Friday, December 13th. 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.