Xponance Inc. decreased its position in Travel + Leisure Co. (NYSE:TNL – Free Report) by 22.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,936 shares of the company’s stock after selling 3,825 shares during the quarter. Xponance Inc.’s holdings in Travel + Leisure were worth $522,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in TNL. SG Americas Securities LLC grew its position in Travel + Leisure by 929.3% in the 1st quarter. SG Americas Securities LLC now owns 69,558 shares of the company’s stock valued at $2,727,000 after buying an additional 62,800 shares during the last quarter. Ellevest Inc. boosted its position in shares of Travel + Leisure by 24.7% during the 1st quarter. Ellevest Inc. now owns 4,137 shares of the company’s stock worth $162,000 after purchasing an additional 819 shares in the last quarter. Burney Co. boosted its position in shares of Travel + Leisure by 70.6% during the 1st quarter. Burney Co. now owns 22,702 shares of the company’s stock worth $890,000 after purchasing an additional 9,392 shares in the last quarter. Raymond James & Associates boosted its position in shares of Travel + Leisure by 4.0% during the 1st quarter. Raymond James & Associates now owns 29,337 shares of the company’s stock worth $1,150,000 after purchasing an additional 1,122 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of Travel + Leisure by 27.6% during the 1st quarter. Federated Hermes Inc. now owns 85,551 shares of the company’s stock worth $3,354,000 after purchasing an additional 18,485 shares in the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Truist Financial cut their target price on shares of Travel + Leisure from $67.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, August 11th. Tigress Financial started coverage on shares of Travel + Leisure in a research note on Thursday, August 24th. They set a “buy” rating and a $52.00 price objective for the company. TheStreet upgraded Travel + Leisure from a “c” rating to a “b-” rating in a report on Wednesday, July 26th. Finally, Barclays decreased their target price on Travel + Leisure from $43.00 to $38.00 and set an “equal weight” rating for the company in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.29.
Check Out Our Latest Report on Travel + Leisure
Travel + Leisure Stock Down 0.6 %
NYSE TNL opened at $36.73 on Monday. The stock has a market cap of $2.72 billion, a PE ratio of 8.05, a P/E/G ratio of 0.47 and a beta of 1.67. The business has a 50 day moving average price of $39.42 and a two-hundred day moving average price of $39.11. Travel + Leisure Co. has a fifty-two week low of $33.57 and a fifty-two week high of $44.99.
Travel + Leisure (NYSE:TNL – Get Free Report) last released its earnings results on Wednesday, July 26th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.32 by $0.01. The company had revenue of $949.00 million during the quarter, compared to analysts’ expectations of $952.77 million. Travel + Leisure had a negative return on equity of 40.25% and a net margin of 9.93%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. Sell-side analysts anticipate that Travel + Leisure Co. will post 5.29 EPS for the current fiscal year.
Travel + Leisure Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.90%. The ex-dividend date was Thursday, September 14th. Travel + Leisure’s dividend payout ratio is presently 39.47%.
Insiders Place Their Bets
In other news, insider Olivier Chavy sold 5,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $38.57, for a total transaction of $192,850.00. Following the transaction, the insider now directly owns 21,605 shares of the company’s stock, valued at $833,304.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director George Herrera sold 834 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $38.09, for a total value of $31,767.06. Following the completion of the transaction, the director now owns 5,838 shares in the company, valued at approximately $222,369.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Olivier Chavy sold 5,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $38.57, for a total value of $192,850.00. Following the completion of the transaction, the insider now owns 21,605 shares of the company’s stock, valued at approximately $833,304.85. The disclosure for this sale can be found here. 2.84% of the stock is owned by corporate insiders.
About Travel + Leisure
(Free Report)
Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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.
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Want to see what other hedge funds are holding TNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travel + Leisure Co. (NYSE:TNL – Free Report).
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