Sequoia Financial Advisors LLC Purchases New Position in Travel + Leisure Co. (NYSE:TNL)

Sequoia Financial Advisors LLC purchased a new stake in Travel + Leisure Co. (NYSE:TNL) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,987 shares of the company’s stock, valued at approximately $368,000.

Several other institutional investors have also bought and sold shares of TNL. UMB Bank n.a. boosted its stake in Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 526 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Travel + Leisure in the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC boosted its stake 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 buying an additional 607 shares in the last quarter. Family Firm Inc. acquired a new stake in Travel + Leisure in the 2nd quarter valued at $31,000. Finally, Larson Financial Group LLC acquired a new stake in Travel + Leisure in the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the sale, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. 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 the SEC website. In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the sale, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. 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 the SEC website. Also, Director George Herrera sold 2,193 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the transaction, the director now directly owns 6,352 shares of the company’s stock, valued at $269,832.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,439 shares of company stock worth $4,032,971. 4.02% of the stock is owned by insiders.

Travel + Leisure Trading Up 2.1 %

NYSE TNL opened at $48.49 on Tuesday. The stock has a 50-day simple moving average of $44.76 and a 200 day simple moving average of $44.63. The company has a market capitalization of $3.32 billion, a PE ratio of 8.23, a P/E/G ratio of 0.69 and a beta of 1.62. Travel + Leisure Co. has a 12 month low of $32.74 and a 12 month high of $49.91.

Travel + Leisure (NYSE:TNL) last released 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. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.54 earnings per share. As a group, sell-side analysts predict that Travel + Leisure Co. will post 5.74 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. Investors of record on Friday, September 13th were issued a $0.50 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.12%. Travel + Leisure’s dividend payout ratio is presently 33.96%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TNL. Barclays boosted their price target on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Tigress Financial boosted their price objective on Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Truist Financial reduced their price objective on 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, The Goldman Sachs Group boosted their price objective on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

About Travel + Leisure

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.