Vanguard Group Inc. Sells 425,415 Shares of Travel + Leisure Co. $TNL

Vanguard Group Inc. reduced its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,519,684 shares of the company’s stock after selling 425,415 shares during the quarter. Vanguard Group Inc. owned approximately 0.15% of Travel + Leisure worth $671,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of TNL. Danske Bank A S purchased a new stake in Travel + Leisure in the third quarter worth $30,000. CNB Bank purchased a new stake in Travel + Leisure in the third quarter worth $32,000. N.E.W. Advisory Services LLC purchased a new stake in Travel + Leisure in the fourth quarter worth $43,000. Geneos Wealth Management Inc. increased its position in Travel + Leisure by 293.0% in the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the last quarter. Finally, CENTRAL TRUST Co increased its position in Travel + Leisure by 181.5% in the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock worth $47,000 after buying an additional 510 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director George Herrera sold 1,748 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total transaction of $122,901.88. Following the completion of the transaction, the director directly owned 1,853 shares in the company, valued at $130,284.43. The trade was a 48.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Dean Brown sold 66,860 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80. Following the transaction, the insider owned 427,821 shares of the company’s stock, valued at approximately $31,671,588.63. The trade was a 13.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 121,738 shares of company stock valued at $9,136,054 in the last ninety days. Corporate insiders own 4.01% of the company’s stock.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $64.45 on Monday. The stock has a market cap of $4.02 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 0.48 and a beta of 1.17. Travel + Leisure Co. has a fifty-two week low of $45.47 and a fifty-two week high of $81.00. The stock has a fifty day moving average of $71.84 and a 200-day moving average of $69.88.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.14. The company had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $954.81 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 earnings per share. On average, sell-side analysts predict that Travel + Leisure Co. will post 7.46 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were given a dividend of $0.60 per share. The ex-dividend date was Friday, March 20th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 3.7%. Travel + Leisure’s dividend payout ratio (DPR) is presently 67.42%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Oppenheimer reissued an “outperform” rating and issued a $85.00 target price on shares of Travel + Leisure in a research report on Wednesday, February 18th. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $90.00 target price on shares of Travel + Leisure in a research report on Friday, February 20th. Finally, Mizuho decreased their target price on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.20.

Travel + Leisure Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.