TCW Group Inc. Sells 38,084 Shares of Travel + Leisure Co. (NYSE:TNL)

Key Points

• TCW Group Inc. has reduced its stake in Travel + Leisure Co. by 18.7%, now holding approximately $7.69 million worth of shares.
• Travel + Leisure declared a quarterly dividend of $0.56 per share, resulting in an annualized yield of 3.55%.
• Analysts have varied ratings on Travel + Leisure, with Mizuho upgrading the stock from "neutral" to "outperform," raising its price target from $63.00 to $72.00.

TCW Group Inc. lowered its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 18.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,056 shares of the company's stock after selling 38,084 shares during the quarter. TCW Group Inc. owned approximately 0.25% of Travel + Leisure worth $7,687,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Natixis bought a new stake in Travel + Leisure in the 4th quarter valued at about $37,000. UMB Bank n.a. increased its stake 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 worth $54,000 after purchasing an additional 409 shares in the last quarter. Rossby Financial LCC bought a new stake in shares of Travel + Leisure in the first quarter valued at approximately $55,000. Canada Pension Plan Investment Board raised 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 purchasing an additional 1,000 shares during the period. Finally, Capital Analysts LLC lifted its stake in shares of Travel + Leisure by 16.8% during the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock valued at $80,000 after buying an additional 227 shares in the last quarter. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Down 0.5%

NYSE:TNL traded down $0.30 during trading hours on Monday, hitting $62.88. 827,790 shares of the company's stock traded hands, compared to its average volume of 738,291. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $63.28. The business's fifty day simple moving average is $52.71 and its two-hundred day simple moving average is $50.64. The firm has a market cap of $4.08 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.60 and a beta of 1.38.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). The business had revenue of $1.02 billion during the quarter, compared to analysts' expectations 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 revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. On average, analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.56 per share. The ex-dividend date was Friday, June 13th. This represents a $2.24 annualized dividend and a yield of 3.56%. Travel + Leisure's payout ratio is presently 38.62%.

Insider Buying and Selling at Travel + Leisure

In other news, insider Kimberly Marshall sold 16,500 shares of Travel + Leisure stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $60.00, for a total transaction of $990,000.00. Following the completion of the sale, the insider directly owned 56,736 shares of the company's stock, valued at approximately $3,404,160. The trade was a 22.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Geoffrey Richards sold 124,454 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the completion of the transaction, the insider owned 118,718 shares of the company's stock, valued at $7,426,998.08. This trade represents a 51.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 323,474 shares of company stock valued at $19,908,918 over the last quarter. Company insiders own 3.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TNL. Morgan Stanley reduced their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. JMP Securities raised their price target on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday. The Goldman Sachs Group decreased their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Wall Street Zen raised Travel + Leisure from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Barclays raised their target price on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $62.30.

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.