GS Investments Inc. Trims Position in Travel + Leisure Co. (NYSE:TNL)

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

A number of other large investors have also recently bought and sold shares of TNL. Natixis acquired a new stake in shares of Travel + Leisure during the 4th quarter worth approximately $37,000. UMB Bank n.a. grew its position in shares of Travel + Leisure by 54.0% during the 1st quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after buying an additional 409 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Travel + Leisure during the 1st quarter worth approximately $54,000. Rossby Financial LCC acquired a new stake in shares of Travel + Leisure during the 1st quarter worth approximately $55,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Travel + Leisure by 333.3% in 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 in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Michael Dean Brown acquired 1,500 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average cost of $58.39 per share, for a total transaction of $87,585.00. Following the purchase, the insider owned 427,821 shares of the company's stock, valued at approximately $24,980,468.19. The trade was a 0.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kimberly Marshall sold 16,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $60.00, for a total value of $990,000.00. Following the completion of the sale, the insider owned 56,736 shares in the company, valued at $3,404,160. This represents a 22.53% 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 worth $19,908,918 in the last ninety days. 3.75% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TNL shares. Barclays increased their target price on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, July 24th. Wall Street Zen upgraded Travel + Leisure from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Morgan Stanley cut their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group dropped 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. Finally, Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $62.30.

Travel + Leisure Price Performance

Shares of NYSE TNL traded down $0.85 during mid-day trading on Friday, reaching $58.40. 798,445 shares of the company's stock were exchanged, compared to its average volume of 703,102. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.59 and a beta of 1.38. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $63.31. The firm has a 50-day moving average price of $53.47 and a two-hundred day moving average price of $50.86.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. As a group, sell-side analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, June 13th. Travel + Leisure's payout ratio is currently 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.