Harbor Capital Advisors Inc. trimmed its position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 52.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,332 shares of the company’s stock after selling 28,267 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Travel + Leisure were worth $1,507,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Walleye Capital LLC boosted its position in shares of Travel + Leisure by 59.1% in the 1st quarter. Walleye Capital LLC now owns 53,527 shares of the company’s stock worth $2,478,000 after buying an additional 19,881 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Travel + Leisure in the first quarter valued at about $2,717,000. Ieq Capital LLC lifted its holdings in shares of Travel + Leisure by 120.6% in the first quarter. Ieq Capital LLC now owns 32,715 shares of the company’s stock valued at $1,514,000 after purchasing an additional 17,883 shares in the last quarter. State of Wyoming grew its position in shares of Travel + Leisure by 37.7% in the first quarter. State of Wyoming now owns 7,366 shares of the company’s stock valued at $341,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new position in shares of Travel + Leisure during the 1st quarter worth approximately $255,000. Institutional investors and hedge funds own 87.54% of the company’s stock.
Travel + Leisure Trading Down 0.2%
Shares of NYSE:TNL opened at $72.48 on Friday. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 0.63 and a beta of 1.39. The stock’s 50-day moving average price is $66.73 and its two-hundred day moving average price is $61.33. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $73.43.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.08. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $1.57 EPS. The company’s revenue was up 5.1% on a year-over-year basis. As a group, research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.
Travel + Leisure Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, December 12th. Travel + Leisure’s dividend payout ratio (DPR) is 36.84%.
Insider Activity at Travel + Leisure
In other Travel + Leisure news, insider Jeffrey Myers sold 50,000 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the completion of the sale, the insider directly owned 63,789 shares in the company, valued at $4,234,313.82. This represents a 43.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George Herrera sold 559 shares of Travel + Leisure stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $68.18, for a total value of $38,112.62. The disclosure for this sale is available in the SEC filing. Insiders sold 198,776 shares of company stock valued at $13,080,628 over the last quarter. 3.75% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, October 23rd. Barclays set a $70.00 target price on shares of Travel + Leisure and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Truist Financial raised their price target on shares of Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.22.
Read Our Latest Stock Analysis on Travel + Leisure
About Travel + Leisure
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.
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