Mutual of America Capital Management LLC Sells 3,099 Shares of Travel + Leisure Co. (NYSE:TNL)

Mutual of America Capital Management LLC trimmed its holdings in Travel + Leisure Co. (NYSE:TNL) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,704 shares of the company’s stock after selling 3,099 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Travel + Leisure worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TNL. Quest Partners LLC boosted its holdings in shares of Travel + Leisure by 1,474.2% in the 2nd quarter. Quest Partners LLC now owns 22,181 shares of the company’s stock valued at $998,000 after buying an additional 20,772 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Travel + Leisure by 125.9% in the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company’s stock valued at $2,393,000 after acquiring an additional 29,656 shares during the last quarter. Versor Investments LP grew its position in shares of Travel + Leisure by 45.4% in the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after acquiring an additional 12,585 shares during the period. Hancock Whitney Corp bought a new position in Travel + Leisure during the second quarter worth about $1,925,000. Finally, International Assets Investment Management LLC increased its position in Travel + Leisure by 4,532.8% during the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock worth $248,000 after buying an additional 5,258 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Up 1.5 %

TNL stock opened at $54.96 on Monday. The company’s 50-day moving average price is $48.17 and its two-hundred day moving average price is $45.61. The firm has a market cap of $3.76 billion, a P/E ratio of 9.33, a P/E/G ratio of 0.79 and a beta of 1.61. Travel + Leisure Co. has a 12 month low of $35.41 and a 12 month high of $55.08.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $1.54 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Equities analysts predict that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.50 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.64%. Travel + Leisure’s payout ratio is 33.96%.

Insider Activity

In related news, insider Amandine Robin-Caplan sold 3,246 shares of the 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 transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. This represents a 11.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 2,193 shares of the business’s stock in a transaction dated 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 trade was a 25.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,055 shares of company stock valued at $4,544,170. Company insiders own 4.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TNL shares. The Goldman Sachs Group lifted their price objective 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. Tigress Financial raised their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Truist Financial decreased their target price on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Barclays lifted their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $55.67.

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.