Natixis Advisors LLC Sells 854 Shares of Travel + Leisure Co. (NYSE:TNL)

Natixis Advisors LLC lowered its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 2.5% during the third quarter, Holdings Channel reports. The firm owned 33,859 shares of the company’s stock after selling 854 shares during the period. Natixis Advisors LLC’s holdings in Travel + Leisure were worth $1,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Empowered Funds LLC increased its position in Travel + Leisure by 57.7% during the third quarter. Empowered Funds LLC now owns 15,008 shares of the company’s stock worth $692,000 after buying an additional 5,494 shares during the last quarter. Hourglass Capital LLC increased its holdings in shares of Travel + Leisure by 2.9% during the 3rd quarter. Hourglass Capital LLC now owns 36,000 shares of the company’s stock valued at $1,659,000 after acquiring an additional 1,020 shares during the last quarter. Versor Investments LP raised its stake in shares of Travel + Leisure by 45.4% in the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after acquiring an additional 12,585 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Travel + Leisure by 499.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,501 shares of the company’s stock worth $115,000 after purchasing an additional 2,084 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Travel + Leisure by 8.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,558 shares of the company’s stock worth $2,099,000 after purchasing an additional 3,359 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TNL shares. Barclays lifted their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Tigress Financial lifted their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group upped their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Truist Financial lowered their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.67.

Insiders Place Their Bets

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the transaction, the director now owns 362,947 shares in the company, valued at $17,258,129.85. This trade represents a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now owns 24,491 shares in the company, valued at approximately $1,024,703.44. This represents a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,055 shares of company stock worth $4,544,170 over the last 90 days. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Performance

NYSE:TNL opened at $56.30 on Tuesday. The firm’s 50-day moving average is $48.45 and its 200-day moving average is $45.69. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 0.79 and a beta of 1.61. Travel + Leisure Co. has a 52-week low of $35.41 and a 52-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 (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $1.54 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts predict that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.50 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.55%. Travel + Leisure’s dividend payout ratio (DPR) is currently 33.96%.

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.