Travel + Leisure Co. (NYSE:TNL) Stock Position Cut by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 23.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,903 shares of the company's stock after selling 15,091 shares during the quarter. Harbor Capital Advisors Inc. owned 0.07% of Travel + Leisure worth $2,310,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its stake in Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after buying an additional 181 shares during the period. Cerity Partners LLC grew its stake in Travel + Leisure by 1.0% during the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after buying an additional 200 shares during the period. Capital Analysts LLC grew its stake in Travel + Leisure by 16.8% during the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after buying an additional 227 shares during the period. Hourglass Capital LLC grew its stake in Travel + Leisure by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock worth $1,828,000 after buying an additional 230 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in Travel + Leisure by 2.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company's stock worth $451,000 after buying an additional 236 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on TNL. The Goldman Sachs Group reduced their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Tigress Financial boosted their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Mizuho reissued a "neutral" rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Barclays reduced their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Finally, Truist Financial upped their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Travel + Leisure has an average rating of "Moderate Buy" and an average target price of $59.20.

Travel + Leisure Stock Down 5.0%

Shares of NYSE:TNL traded down $2.51 on Friday, reaching $47.77. 768,392 shares of the company's stock were exchanged, compared to its average volume of 644,336. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 0.67 and a beta of 1.37. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $58.95. The business's 50-day moving average is $46.52 and its two-hundred day moving average is $50.06.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. Analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.56 per share. The ex-dividend date is Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 4.69%. Travel + Leisure's dividend payout ratio is currently 37.40%.

Insider Transactions at Travel + Leisure

In other news, Director George Herrera sold 6,336 shares of the company's stock in a transaction dated 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 transaction, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. This represents a 69.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Denny Marie Post sold 5,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $50.20, for a total transaction of $276,100.00. Following the completion of the transaction, the director now owns 4,477 shares of the company's stock, valued at $224,745.40. This represents a 55.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.75% 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.