Swiss National Bank Decreases Stock Holdings in Travel + Leisure Co. $TNL

Swiss National Bank lowered its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,600 shares of the company's stock after selling 4,700 shares during the period. Swiss National Bank owned about 0.20% of Travel + Leisure worth $6,138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TNL. LSV Asset Management boosted its holdings in Travel + Leisure by 37.7% during the first quarter. LSV Asset Management now owns 956,109 shares of the company's stock worth $44,258,000 after buying an additional 261,528 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Travel + Leisure by 25.1% during the fourth quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company's stock worth $45,299,000 after buying an additional 180,059 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in Travel + Leisure during the fourth quarter worth about $6,304,000. Millennium Management LLC boosted its holdings in Travel + Leisure by 167.8% during the fourth quarter. Millennium Management LLC now owns 180,160 shares of the company's stock worth $9,089,000 after buying an additional 112,883 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in Travel + Leisure during the first quarter worth about $5,188,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insider Transactions at Travel + Leisure

In related news, insider Geoffrey Richards sold 124,454 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $62.56, for a total value of $7,785,842.24. Following the completion of the sale, the insider directly owned 118,718 shares in the company, valued at approximately $7,426,998.08. The trade was a 51.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Herrera sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total transaction of $133,056.00. Following the completion of the sale, the director owned 559 shares of the company's stock, valued at approximately $33,808.32. The trade was a 79.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 320,174 shares of company stock valued at $19,765,874 in the last quarter. Insiders own 3.75% of the company's stock.

Analyst Upgrades and Downgrades

TNL has been the subject of a number of research reports. JMP Securities lifted their target price on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 24th. Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of Travel + Leisure from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Barclays lifted their target price on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Travel + Leisure currently has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Travel + Leisure Stock Up 4.2%

Shares of NYSE:TNL traded up $2.49 during trading on Friday, reaching $61.75. The stock had a trading volume of 120,010 shares, compared to its average volume of 693,641. The business has a fifty day moving average price of $56.62 and a 200-day moving average price of $51.50. The stock has a market cap of $4.01 billion, a P/E ratio of 10.63, a PEG ratio of 0.56 and a beta of 1.43. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $63.31.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. As a group, equities analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, September 12th. Travel + Leisure's payout ratio is presently 38.62%.

About Travel + Leisure

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.