Travel + Leisure Co. (NYSE:TNL) Stock Holdings Decreased by Wright Investors Service Inc.

Wright Investors Service Inc. decreased its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 63.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,779 shares of the company’s stock after selling 9,842 shares during the period. Wright Investors Service Inc.’s holdings in Travel + Leisure were worth $292,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted its holdings in Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after buying an additional 526 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after acquiring an additional 210 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Travel + Leisure during the second quarter worth $38,000. Brooklyn Investment Group acquired a new position in Travel + Leisure in the third quarter worth $43,000. Finally, Capital Performance Advisors LLP bought a new stake in Travel + Leisure during the third quarter valued at $44,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a report on Friday, December 13th. JPMorgan Chase & Co. upped their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Stifel Nicolaus raised their price target on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group upped their price objective on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley initiated coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

Travel + Leisure Stock Down 0.3 %

TNL stock opened at $49.80 on Tuesday. The company has a 50-day simple moving average of $52.72 and a 200 day simple moving average of $47.66. The company has a market capitalization of $3.41 billion, a P/E ratio of 8.46, a PEG ratio of 0.77 and a beta of 1.64. Travel + Leisure Co. has a fifty-two week low of $37.99 and a fifty-two week high of $56.91.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $1.54 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Equities analysts anticipate that Travel + Leisure Co. will post 5.75 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend was Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Insider Activity

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the transaction, the director now owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Geoffrey Richards sold 4,607 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total value of $249,929.75. Following the sale, the insider now owns 120,602 shares of the company’s stock, valued at $6,542,658.50. This trade represents a 3.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,016 shares of company stock worth $4,846,863 over the last 90 days. 4.02% of the stock is currently owned by company insiders.

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.