Swiss National Bank Decreases Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Swiss National Bank reduced its position in shares of Travel + Leisure Co. (NYSE:TNL) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,200 shares of the company’s stock after selling 500 shares during the quarter. Swiss National Bank owned approximately 0.20% of Travel + Leisure worth $6,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Travel + Leisure by 1.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 392,299 shares of the company’s stock worth $19,208,000 after purchasing an additional 7,392 shares during the period. Swedbank AB purchased a new stake in Travel + Leisure in the 1st quarter worth approximately $33,598,000. Cetera Advisors LLC bought a new stake in shares of Travel + Leisure in the 1st quarter worth approximately $206,000. Abich Financial Wealth Management LLC increased its stake in shares of Travel + Leisure by 10,344.4% during the first quarter. Abich Financial Wealth Management LLC now owns 940 shares of the company’s stock valued at $46,000 after buying an additional 931 shares during the period. Finally, Versant Capital Management Inc bought a new position in shares of Travel + Leisure during the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in 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 report on Thursday, October 24th. The Goldman Sachs Group boosted their price target on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Truist Financial raised their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday. Tigress Financial upped their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus raised their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday. One investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.80.

Travel + Leisure Stock Down 1.4 %

TNL stock opened at $55.51 on Wednesday. The firm has a market cap of $3.80 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61. The business has a 50 day moving average of $48.45 and a 200 day moving average of $45.69. Travel + Leisure Co. has a twelve month low of $35.41 and a twelve month high of $56.91.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. Travel + Leisure’s revenue for the quarter was up .7% on a year-over-year basis. During the same period last year, the company earned $1.54 EPS. On average, research analysts expect that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.60%. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 2,193 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the transaction, the director now owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This represents a 25.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Geoffrey Richards sold 4,607 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the completion of the sale, the insider now owns 120,602 shares of the company’s stock, valued at $6,542,658.50. The trade was a 3.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 95,055 shares of company stock worth $4,544,170. Corporate insiders own 4.02% of the company’s stock.

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.