Copeland Capital Management LLC Sells 39,212 Shares of Travel + Leisure Co. (NYSE:TNL)

Copeland Capital Management LLC lessened its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 2.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,526,369 shares of the company's stock after selling 39,212 shares during the quarter. Travel + Leisure accounts for approximately 1.4% of Copeland Capital Management LLC's investment portfolio, making the stock its 18th biggest position. Copeland Capital Management LLC owned about 2.30% of Travel + Leisure worth $70,656,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TNL. Diversified Trust Co lifted its stake in shares of Travel + Leisure by 58.2% in the 1st quarter. Diversified Trust Co now owns 25,473 shares of the company's stock valued at $1,179,000 after acquiring an additional 9,368 shares during the last quarter. Vista Investment Partners LLC bought a new position in shares of Travel + Leisure in the 1st quarter valued at $2,127,000. QRG Capital Management Inc. lifted its stake in shares of Travel + Leisure by 12.1% in the 1st quarter. QRG Capital Management Inc. now owns 22,257 shares of the company's stock valued at $1,030,000 after acquiring an additional 2,408 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Travel + Leisure by 3.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 49,397 shares of the company's stock valued at $2,287,000 after acquiring an additional 1,672 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of Travel + Leisure in the 1st quarter valued at $724,000. Institutional investors and hedge funds own 87.54% of the company's stock.

Insider Transactions at Travel + Leisure

In related news, Director Denny Marie Post sold 5,500 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the completion of the sale, the director now directly owns 4,477 shares of the company's stock, valued at $224,745.40. The trade was a 55.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.75% of the company's stock.

Wall Street Analyst Weigh In

TNL has been the subject of a number of research reports. Truist Financial increased their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Morgan Stanley dropped their price target on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Tigress Financial raised their target price on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. The Goldman Sachs Group reduced their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Barclays decreased their price target on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research note 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 assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Travel + Leisure Stock Performance

Shares of TNL stock traded up $0.51 on Friday, hitting $51.99. The company had a trading volume of 1,168,823 shares, compared to its average volume of 648,397. The stock's 50-day moving average is $48.17 and its two-hundred day moving average is $49.71. 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 $3.45 billion, a P/E ratio of 8.68, a P/E/G ratio of 0.50 and a beta of 1.37.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate 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 posted $0.97 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

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.