Commerce Bank Decreases Holdings in Travel + Leisure Co. (NYSE:TNL)

Commerce Bank reduced its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 67.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,623 shares of the company's stock after selling 73,150 shares during the quarter. Commerce Bank owned 0.05% of Travel + Leisure worth $1,747,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TNL. Barclays PLC increased its stake in Travel + Leisure by 80.4% in the third quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after acquiring an additional 100,440 shares during the period. Sanctuary Advisors LLC grew its position in shares of Travel + Leisure by 168.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company's stock worth $763,000 after buying an additional 10,382 shares during the period. Franklin Resources Inc. raised its stake in Travel + Leisure by 182.9% during the 3rd quarter. Franklin Resources Inc. now owns 51,216 shares of the company's stock worth $2,337,000 after buying an additional 33,111 shares during the period. Versant Capital Management Inc increased its holdings in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after acquiring an additional 210 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Travel + Leisure by 30.7% during the 4th quarter. GAMMA Investing LLC now owns 1,615 shares of the company's stock valued at $81,000 after purchasing an additional 379 shares in the last quarter. Institutional investors own 87.54% of the company's stock.

Analyst Ratings Changes

TNL has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Barclays reduced their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday. Truist Financial boosted their price target on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Tigress Financial upped their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, The Goldman Sachs Group decreased their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $59.20.

Travel + Leisure Stock Performance

Shares of NYSE TNL traded up $0.41 during trading hours on Friday, hitting $44.15. The company's stock had a trading volume of 796,136 shares, compared to its average volume of 627,852. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 7.56, a P/E/G ratio of 0.67 and a beta of 1.40. The business has a 50-day simple moving average of $47.46 and a 200-day simple moving average of $50.56.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. On average, equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.56 per share. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Monday, March 17th. Travel + Leisure's dividend payout ratio (DPR) is currently 37.40%.

Insider Activity

In other news, Director George Herrera sold 6,336 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now directly owns 2,759 shares of the company's stock, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Dean Brown purchased 2,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.75% of the company's stock.

Travel + Leisure Company 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.