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

Blue Trust Inc. cut its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 51.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,238 shares of the company’s stock after selling 1,309 shares during the quarter. Blue Trust Inc.’s holdings in Travel + Leisure were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TNL. Barclays PLC grew its holdings in Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after acquiring an additional 100,440 shares during the period. Versor Investments LP boosted its position in shares of Travel + Leisure by 45.4% during the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock worth $1,857,000 after purchasing an additional 12,585 shares in the last quarter. FMR LLC grew its stake in shares of Travel + Leisure by 28.5% during the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after purchasing an additional 58,008 shares during the period. Oak Thistle LLC purchased a new position in shares of Travel + Leisure in the 4th quarter valued at about $1,288,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Travel + Leisure by 4,532.8% in the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after purchasing an additional 5,258 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Trading Up 1.4 %

Travel + Leisure stock opened at $55.91 on Tuesday. The stock has a 50 day moving average of $53.15 and a 200-day moving average of $49.70. The stock has a market cap of $3.73 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. Travel + Leisure Co. has a 52 week low of $39.91 and a 52 week high of $58.95.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same quarter in the prior year, the firm earned $1.98 EPS. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Truist Financial boosted their target price on Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays upped their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Tigress Financial increased 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. Mizuho reissued a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Finally, Morgan Stanley started coverage on Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

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.