Travel + Leisure Co. $TNL Shares Sold by Waterloo Capital L.P.

Waterloo Capital L.P. trimmed its position in shares of Travel + Leisure Co. (NYSE:TNL) by 5.8% in the second quarter, HoldingsChannel reports. The firm owned 52,309 shares of the company’s stock after selling 3,224 shares during the period. Waterloo Capital L.P.’s holdings in Travel + Leisure were worth $2,700,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in TNL. Parallel Advisors LLC lifted its stake in shares of Travel + Leisure by 17.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,202 shares of the company’s stock worth $62,000 after acquiring an additional 182 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Travel + Leisure by 10.8% in the second quarter. GAMMA Investing LLC now owns 2,264 shares of the company’s stock worth $117,000 after buying an additional 220 shares during the period. IFP Advisors Inc grew its position in Travel + Leisure by 9.5% during the 2nd quarter. IFP Advisors Inc now owns 3,008 shares of the company’s stock worth $155,000 after purchasing an additional 262 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Travel + Leisure by 3.0% during the first quarter. Cetera Investment Advisers now owns 10,789 shares of the company’s stock valued at $499,000 after buying an additional 317 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after purchasing an additional 382 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Stock Up 5.5%

Shares of TNL stock opened at $64.74 on Friday. The company has a market capitalization of $4.16 billion, a P/E ratio of 10.65, a P/E/G ratio of 0.55 and a beta of 1.51. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $70.43. The firm has a 50-day moving average price of $62.00 and a 200 day moving average price of $57.77.

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

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, December 12th. Travel + Leisure’s dividend payout ratio is 36.84%.

Insider Transactions at Travel + Leisure

In other news, insider Kimberly Marshall sold 16,500 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $65.00, for a total transaction of $1,072,500.00. Following the completion of the sale, the insider owned 40,236 shares in the company, valued at $2,615,340. The trade was a 29.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Geoffrey Richards sold 26,838 shares of Travel + Leisure stock in a transaction on Monday, October 27th. The stock was sold at an average price of $66.06, for a total transaction of $1,772,918.28. Following the sale, the insider directly owned 112,777 shares of the company’s stock, valued at $7,450,048.62. This represents a 19.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 135,692 shares of company stock valued at $8,967,762 over the last 90 days. 3.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TNL. The Goldman Sachs Group upped their price target on shares of Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Mizuho set a $86.00 price objective on shares of Travel + Leisure in a research note on Wednesday, October 22nd. JMP Securities raised their target price on Travel + Leisure from $70.00 to $80.00 and gave the company a “market outperform” rating in a report on Thursday, October 23rd. Barclays increased their price target on shares of Travel + Leisure from $54.00 to $63.00 and gave the company an “underweight” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.