Travel + Leisure Co. $TNL Shares Sold by KBC Group NV

KBC Group NV decreased its stake in Travel + Leisure Co. (NYSE:TNL) by 39.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,908 shares of the company’s stock after selling 1,220 shares during the quarter. KBC Group NV’s holdings in Travel + Leisure were worth $98,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of Travel + Leisure by 8.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock worth $46,039,000 after purchasing an additional 79,430 shares during the period. HighTower Advisors LLC lifted its stake in shares of Travel + Leisure by 314.4% in the 1st quarter. HighTower Advisors LLC now owns 41,369 shares of the company’s stock valued at $1,915,000 after purchasing an additional 31,387 shares during the period. Voya Investment Management LLC boosted its holdings in Travel + Leisure by 362.0% during the first quarter. Voya Investment Management LLC now owns 175,221 shares of the company’s stock worth $8,111,000 after buying an additional 137,295 shares in the last quarter. Farther Finance Advisors LLC grew its position in Travel + Leisure by 2,704.3% during the second quarter. Farther Finance Advisors LLC now owns 1,963 shares of the company’s stock valued at $101,000 after buying an additional 1,893 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in Travel + Leisure during the first quarter valued at $2,717,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Trading Up 5.5%

TNL stock opened at $64.74 on Friday. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $70.43. The business’s 50-day moving average is $62.00 and its 200 day moving average is $57.77. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 0.55 and a beta of 1.51.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.08. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.57 earnings per share. As a group, equities analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure’s payout ratio is 36.84%.

Insider Buying and Selling at Travel + Leisure

In other news, insider Kimberly Marshall sold 16,500 shares of the stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $65.00, for a total value of $1,072,500.00. Following the completion of the sale, the insider directly owned 40,236 shares in the company, valued at $2,615,340. This represents a 29.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Geoffrey Richards sold 4,992 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $65.00, for a total transaction of $324,480.00. Following the completion of the transaction, the insider directly owned 102,129 shares in the company, valued at approximately $6,638,385. This represents a 4.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 135,692 shares of company stock worth $8,967,762 over the last three months. 3.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on TNL. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Barclays upped their price target on Travel + Leisure from $54.00 to $63.00 and gave the stock an “underweight” rating in a report on Thursday, October 23rd. Truist Financial increased their price target on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Morgan Stanley set a $68.00 price objective on Travel + Leisure in a report on Wednesday, October 22nd. Finally, Wells Fargo & Company assumed coverage on Travel + Leisure in a research note on Tuesday, November 18th. They set an “overweight” rating and a $74.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus target price of $70.18.

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.