Travel + Leisure Co. (NYSE:TNL) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 34.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,651 shares of the company’s stock after selling 4,037 shares during the period. Xponance Inc.’s holdings in Travel + Leisure were worth $344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc acquired a new stake in shares of Travel + Leisure during the second quarter worth $27,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after acquiring an additional 607 shares during the period. Family Firm Inc. acquired a new stake in shares of Travel + Leisure in the 2nd quarter worth about $31,000. Larson Financial Group LLC acquired a new stake in shares of Travel + Leisure in the 2nd quarter worth about $36,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Travel + Leisure in the 2nd quarter worth about $38,000. 87.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped 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. The Goldman Sachs Group assumed coverage on shares of Travel + Leisure in a report on Wednesday, September 18th. They issued a “neutral” rating and a $44.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Truist Financial lowered their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Finally, Barclays cut shares of Travel + Leisure from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $46.00 to $40.00 in a research note on Thursday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.33.

Travel + Leisure Trading Down 0.7 %

NYSE:TNL opened at $45.77 on Wednesday. Travel + Leisure Co. has a twelve month low of $32.10 and a twelve month high of $49.91. The company has a 50-day moving average of $43.55 and a 200-day moving average of $44.72. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 0.64 and a beta of 1.62.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The company had revenue of $985.00 million during the quarter, compared to analysts’ expectations of $987.20 million. During the same period last year, the company posted $1.33 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, research analysts forecast that Travel + Leisure Co. will post 5.67 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Friday, September 13th. Travel + Leisure’s dividend payout ratio (DPR) is 36.83%.

Insider Transactions at Travel + Leisure

In other news, 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 completion of the sale, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Amandine Robin-Caplan sold 3,246 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the director now directly owns 6,352 shares in the company, valued at approximately $269,832.96. The disclosure for this sale can be found here. 4.02% of the stock is owned by insiders.

Travel + Leisure Company 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.