Wright Investors Service Inc. Sells 5,680 Shares of Travel + Leisure Co. (NYSE:TNL)

Wright Investors Service Inc. lowered its stake in Travel + Leisure Co. (NYSE:TNL) by 26.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,621 shares of the company’s stock after selling 5,680 shares during the quarter. Wright Investors Service Inc.’s holdings in Travel + Leisure were worth $720,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in TNL. Versant Capital Management Inc bought a new position in shares of Travel + Leisure in the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC boosted its holdings in Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares during the period. Family Firm Inc. purchased a new position in shares of Travel + Leisure during the 2nd quarter valued at $31,000. Larson Financial Group LLC bought a new position in shares of Travel + Leisure in the second quarter worth $36,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Travel + Leisure in the second quarter worth $38,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

NYSE:TNL traded up $1.35 during trading hours on Friday, reaching $47.03. The company’s stock had a trading volume of 535,386 shares, compared to its average volume of 592,016. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.63 and a beta of 1.62. The firm has a 50-day simple moving average of $43.61 and a 200-day simple moving average of $44.75. Travel + Leisure Co. has a 1 year low of $32.10 and a 1 year high of $49.91.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. The firm had revenue of $985.00 million for the quarter, compared to the consensus estimate of $987.20 million. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 earnings per share. Equities analysts anticipate that Travel + Leisure Co. will post 5.67 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, September 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the transaction, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director George Herrera sold 2,193 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the transaction, the director now owns 6,352 shares in the company, valued at $269,832.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction 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 completion of the sale, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.02% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TNL. Truist Financial reduced their target price on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. Barclays cut shares of Travel + Leisure from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $46.00 to $40.00 in a research report on Thursday, September 26th. JPMorgan Chase & Co. lifted their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. The Goldman Sachs Group started coverage on shares of Travel + Leisure in a report on Wednesday, September 18th. They issued a “neutral” rating and a $44.00 price target on the stock. Finally, Tigress Financial lifted their price objective on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.33.

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.