Creative Planning Cuts Position in Travel + Leisure Co. (NYSE:TNL)

Creative Planning decreased its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 22.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,641 shares of the company’s stock after selling 2,830 shares during the period. Creative Planning’s holdings in Travel + Leisure were worth $444,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Travel + Leisure during the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Travel + Leisure by 2,759.1% during the second 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 last quarter. Family Firm Inc. purchased a new position in shares of Travel + Leisure during the second quarter valued at approximately $31,000. Finally, Larson Financial Group LLC purchased a new position in shares of Travel + Leisure during the second quarter valued at approximately $36,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Trading Up 4.9 %

Shares of NYSE TNL opened at $52.36 on Thursday. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.71 and a beta of 1.61. Travel + Leisure Co. has a 12-month low of $34.12 and a 12-month high of $53.26. The firm’s 50-day moving average price is $45.44 and its 200-day moving average price is $44.84.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 EPS. On average, equities analysts predict that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.82%. Travel + Leisure’s payout ratio is 33.96%.

Insider Activity at Travel + Leisure

In related news, insider Geoffrey Richards sold 5,009 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total transaction of $261,269.44. Following the completion of the sale, the insider now owns 125,209 shares of the company’s stock, valued at $6,530,901.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now owns 362,947 shares in the company, valued at approximately $17,258,129.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Geoffrey Richards sold 5,009 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total transaction of $261,269.44. Following the sale, the insider now owns 125,209 shares in the company, valued at approximately $6,530,901.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,448 shares of company stock valued at $4,294,241 over the last 90 days. Insiders own 4.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. JPMorgan Chase & Co. boosted 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. Tigress Financial boosted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.67.

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.