Travel + Leisure Co. (NYSE:TNL) Shares Sold by Creative Planning

Creative Planning lowered its holdings in Travel + Leisure Co. (NYSE:TNL) by 22.7% in the third quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB acquired a new position in shares of Travel + Leisure in the 1st quarter valued at $33,598,000. Millennium Management LLC raised its position in Travel + Leisure by 440.7% in the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock valued at $27,624,000 after purchasing an additional 500,554 shares during the last quarter. Acadian Asset Management LLC raised its position in Travel + Leisure by 318.4% in the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock valued at $18,217,000 after purchasing an additional 308,391 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Travel + Leisure in the 2nd quarter valued at $7,480,000. Finally, LSV Asset Management raised its position in Travel + Leisure by 23.1% in the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company’s stock valued at $32,628,000 after purchasing an additional 136,281 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TNL shares. Barclays upped their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Tigress Financial upped their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Truist Financial lowered their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.67.

Travel + Leisure Stock Up 4.9 %

Shares of Travel + Leisure stock opened at $52.36 on Thursday. The stock has a market capitalization of $3.58 billion, a P/E ratio of 8.89, a PEG ratio of 0.71 and a beta of 1.61. The stock has a 50 day moving average price of $45.44 and a two-hundred day moving average price of $44.84. Travel + Leisure Co. has a 12-month low of $34.12 and a 12-month high of $53.26.

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

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.82%. The ex-dividend date was Friday, September 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In related news, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the sale, the insider now owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now owns 24,491 shares of the company’s stock, valued at $1,024,703.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George Herrera sold 2,193 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $269,832.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,448 shares of company stock worth $4,294,241 in the last 90 days. Corporate insiders own 4.02% of the company’s stock.

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.