Commerce Bank Trims Holdings in Travel + Leisure Co. (NYSE:TNL)

Commerce Bank decreased its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 67.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,623 shares of the company’s stock after selling 73,150 shares during the period. Commerce Bank’s holdings in Travel + Leisure were worth $1,747,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new position in shares of Travel + Leisure in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc lifted its stake in Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 503 shares during the period. UMB Bank n.a. grew its position in shares of Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares during the period. Institutional investors own 87.54% of the company’s stock.

Insider Activity

In related news, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director George Herrera sold 6,336 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company’s stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.02% of the company’s stock.

Analyst Ratings Changes

TNL has been the subject of several recent analyst reports. Mizuho restated a “neutral” rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. The Goldman Sachs Group decreased their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their target price for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Tigress Financial increased their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Finally, Barclays lifted their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Travel + Leisure has an average rating of “Moderate Buy” and a consensus price target of $62.20.

Travel + Leisure Stock Down 1.6 %

NYSE TNL opened at $40.75 on Tuesday. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 0.67 and a beta of 1.40. The company has a 50-day simple moving average of $48.52 and a two-hundred day simple moving average of $50.63. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month 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 the consensus estimate of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. During the same quarter in the previous year, the company posted $1.98 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. Equities analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.56 dividend. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.50%. Travel + Leisure’s payout ratio is presently 38.36%.

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.