Cambridge Investment Research Advisors Inc. Has $212,000 Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Cambridge Investment Research Advisors Inc. lessened its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 65.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,585 shares of the company's stock after selling 8,629 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Travel + Leisure were worth $212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in shares of Travel + Leisure in the fourth quarter valued at approximately $25,000. Natixis bought a new stake in shares of Travel + Leisure in the fourth quarter valued at approximately $37,000. UMB Bank n.a. boosted its position in shares of Travel + Leisure by 54.0% in the first quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock valued at $54,000 after acquiring an additional 409 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Travel + Leisure by 333.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock valued at $66,000 after acquiring an additional 1,000 shares during the period. Finally, Capital Analysts LLC boosted its position in shares of Travel + Leisure by 16.8% in the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock valued at $80,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on TNL. Morgan Stanley reduced their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group reduced their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Barclays reduced their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. One equities 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. According to data from MarketBeat.com, Travel + Leisure currently has a consensus rating of "Moderate Buy" and an average target price of $59.20.

Insider Activity

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the sale, the director owned 4,477 shares in the company, valued at approximately $224,745.40. The trade was a 55.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Myers sold 13,922 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $58.00, for a total value of $807,476.00. Following the completion of the sale, the insider owned 165,890 shares in the company, valued at $9,621,620. The trade was a 7.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,285 shares of company stock worth $1,474,767 in the last quarter. 3.75% of the stock is currently owned by company insiders.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $57.31 on Monday. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95. The firm has a market cap of $3.81 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.55 and a beta of 1.38. The business has a fifty day moving average of $50.56 and a 200-day moving average of $49.98.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 46.83% and a net margin of 10.77%. The firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. During the same period last year, the company earned $0.97 earnings per share. The company's revenue was up 2.0% on a year-over-year basis. On average, analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

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.

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