Travel + Leisure Co. $TNL Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its holdings in Travel + Leisure Co. (NYSE:TNL) by 94.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,463 shares of the company’s stock after selling 54,116 shares during the period. Savant Capital LLC’s holdings in Travel + Leisure were worth $244,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC increased its holdings in shares of Travel + Leisure by 46.8% in the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after purchasing an additional 855,151 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Travel + Leisure by 13,198.4% in the third quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock valued at $30,996,000 after purchasing an additional 517,113 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Travel + Leisure by 231.1% in the third quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock valued at $41,143,000 after purchasing an additional 482,731 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Travel + Leisure by 8.4% in the third quarter. Invesco Ltd. now owns 3,486,173 shares of the company’s stock valued at $207,392,000 after purchasing an additional 270,474 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Travel + Leisure by 98.4% in the second quarter. Quantinno Capital Management LP now owns 488,307 shares of the company’s stock valued at $25,202,000 after purchasing an additional 242,231 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on TNL shares. Barclays cut their price target on Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $90.00 price target on shares of Travel + Leisure in a report on Friday, February 20th. Citizens Jmp boosted their target price on shares of Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a report on Thursday, February 19th. Oppenheimer reiterated an “outperform” rating and issued a $85.00 target price on shares of Travel + Leisure in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Monday, June 1st. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.40.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 1,748 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $70.31, for a total transaction of $122,901.88. Following the sale, the director directly owned 1,853 shares in the company, valued at $130,284.43. This represents a 48.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Denny Marie Post sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $63.83, for a total transaction of $159,575.00. Following the sale, the director owned 1,977 shares in the company, valued at approximately $126,191.91. This trade represents a 55.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 27,536 shares of company stock valued at $2,113,247. 4.01% of the stock is owned by insiders.

Travel + Leisure Price Performance

NYSE:TNL opened at $71.90 on Monday. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 0.55 and a beta of 1.17. The company’s 50-day moving average is $68.81 and its two-hundred day moving average is $70.37. Travel + Leisure Co. has a 1-year low of $47.61 and a 1-year high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its 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 for the quarter, compared to analyst estimates of $954.81 million. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. Travel + Leisure’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.11 EPS. As a group, equities analysts anticipate that Travel + Leisure Co. will post 7.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s dividend payout ratio is currently 67.42%.

Travel + Leisure Company 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.