Inscription Capital LLC decreased its position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 46.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 10,069 shares of the company’s stock after selling 8,836 shares during the period. Inscription Capital LLC’s holdings in Travel + Leisure were worth $623,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Childress Capital Advisors LLC acquired a new position in shares of Travel + Leisure in the third quarter worth about $360,000. Victory Financial Group LLC purchased a new stake in Travel + Leisure during the 3rd quarter worth approximately $686,000. Signaturefd LLC increased its holdings in Travel + Leisure by 53.8% during the 3rd quarter. Signaturefd LLC now owns 1,666 shares of the company’s stock worth $103,000 after purchasing an additional 583 shares during the last quarter. Iridian Asset Management LLC CT raised its position in shares of Travel + Leisure by 1.0% in the 3rd quarter. Iridian Asset Management LLC CT now owns 198,075 shares of the company’s stock valued at $12,255,000 after purchasing an additional 1,873 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Travel + Leisure by 4.1% in the 3rd quarter. Sterling Capital Management LLC now owns 31,318 shares of the company’s stock valued at $1,938,000 after purchasing an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on TNL shares. Weiss Ratings downgraded shares of Travel + Leisure from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Travel + Leisure from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Morgan Stanley reissued an “overweight” rating and set a $86.00 price objective on shares of Travel + Leisure in a report on Thursday, October 22nd. Truist Financial cut their target price on shares of Travel + Leisure from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Finally, Susquehanna cut their target price on shares of Travel + Leisure from $95.00 to $75.00 and set a “positive” rating on the stock in a research note on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $85.25.
Check Out Our Latest Analysis on Travel + Leisure
Insider Buying and Selling
In other Travel + Leisure news, CAO Thomas Michael Duncan sold 20,000 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total value of $1,483,200.00. Following the completion of the transaction, the chief accounting officer directly owned 5,307 shares in the company, valued at $393,567.12. The trade was a 79.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.01% of the stock is currently owned by insiders.
Travel + Leisure Price Performance
Shares of TNL opened at $75.30 on Friday. The business’s fifty day moving average price is $66.13 and its 200 day moving average price is $70.56. Travel + Leisure Co. has a 12-month low of $60.34 and a 12-month high of $81.00. The stock has a market capitalization of $4.54 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 0.74 and a beta of 1.21.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.16. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Travel + Leisure had a net margin of 5.66% and a negative return on equity of 46.63%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.80 earnings per share. As a group, research analysts anticipate that Travel + Leisure Co. will post 7.77 earnings per share for the current fiscal year.
Travel + Leisure Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 11th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $2.40 dividend on an annualized basis and a yield of 3.2%. Travel + Leisure’s dividend payout ratio (DPR) is currently 64.52%.
About Travel + Leisure
Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.
Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.
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