Travel + Leisure Co. (NYSE:TNL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,859 shares of the company’s stock after selling 854 shares during the quarter. Natixis Advisors LLC’s holdings in Travel + Leisure were worth $1,560,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Travel + Leisure by 1.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 392,299 shares of the company’s stock worth $19,208,000 after acquiring an additional 7,392 shares during the period. Swedbank AB bought a new position in Travel + Leisure during the 1st quarter valued at $33,598,000. Cetera Advisors LLC acquired a new position in shares of Travel + Leisure during the 1st quarter valued at $206,000. Abich Financial Wealth Management LLC raised its stake in shares of Travel + Leisure by 10,344.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 940 shares of the company’s stock worth $46,000 after buying an additional 931 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Travel + Leisure in the second quarter valued at $27,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Truist Financial lowered their target price on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. The Goldman Sachs Group boosted their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Tigress Financial increased their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Barclays lifted their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Travel + Leisure has an average rating of “Moderate Buy” and an average price target of $55.67.

Travel + Leisure Price Performance

TNL stock opened at $56.30 on Tuesday. The firm has a market capitalization of $3.85 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.79 and a beta of 1.61. Travel + Leisure Co. has a 52-week low of $35.41 and a 52-week high of $56.91. The company’s 50 day simple moving average is $48.45 and its 200-day simple moving average is $45.69.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $1.54 EPS. The company’s revenue was up .7% on a year-over-year basis. Sell-side analysts predict that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.55%. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In related news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction on Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the sale, the director now owns 362,947 shares of the company’s stock, valued at approximately $17,258,129.85. This trade represents a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the insider now owns 24,491 shares in the company, valued at $1,024,703.44. This trade represents a 11.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,055 shares of company stock worth $4,544,170 in the last 90 days. Company insiders own 4.02% of the company’s stock.

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.