Travel + Leisure Co. (NYSE:TNL) Shares Sold by GS Investments Inc.

GS Investments Inc. decreased its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 31.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the company's stock after selling 4,500 shares during the quarter. GS Investments Inc.'s holdings in Travel + Leisure were worth $463,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TNL. Natixis bought a new stake in shares of Travel + Leisure in the 4th quarter worth $37,000. UMB Bank n.a. grew its stake in shares of Travel + Leisure by 54.0% in the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after acquiring an additional 409 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Travel + Leisure during the 1st quarter worth $54,000. Rossby Financial LCC bought a new stake in shares of Travel + Leisure during the 1st quarter worth $55,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of Travel + Leisure by 333.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock worth $66,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 87.54% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wall Street Zen raised Travel + Leisure from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. JMP Securities lifted their price objective on Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research note on Thursday, July 24th. Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Barclays raised their price target on Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group cut their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $62.30.

Insider Activity

In related news, insider Kimberly Marshall sold 16,500 shares of Travel + Leisure stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $60.00, for a total value of $990,000.00. Following the sale, the insider directly owned 56,736 shares in the company, valued at approximately $3,404,160. The trade was a 22.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Michael Duncan sold 8,201 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $62.24, for a total transaction of $510,430.24. Following the completion of the transaction, the chief accounting officer owned 20,000 shares in the company, valued at $1,244,800. The trade was a 29.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 323,474 shares of company stock valued at $19,908,918 over the last 90 days. Company insiders own 3.75% of the company's stock.

Travel + Leisure Stock Down 1.4%

NYSE:TNL traded down $0.85 during mid-day trading on Friday, hitting $58.40. 798,445 shares of the stock traded hands, compared to its average volume of 777,308. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 0.57 and a beta of 1.43. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $63.31. The firm's 50 day moving average is $53.68 and its two-hundred day moving average is $50.91.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. The firm's revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 earnings per share. As a group, research analysts predict 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. Investors of record on Friday, June 13th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is 38.62%.

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.