Savoir Faire Capital Management L.P. Has $600,000 Stake in Travel + Leisure Co. (NYSE:TNL)

Savoir Faire Capital Management L.P. cut its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 68.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,953 shares of the company's stock after selling 28,598 shares during the quarter. Savoir Faire Capital Management L.P.'s holdings in Travel + Leisure were worth $600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis bought a new position in shares of Travel + Leisure in the 4th quarter worth $37,000. UMB Bank n.a. grew its position 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 valued at $54,000 after purchasing an additional 409 shares during 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 boosted its stake 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 buying an additional 1,000 shares during the period. Finally, Capital Analysts LLC lifted 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 purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Stock Performance

TNL traded up $0.58 on Friday, reaching $57.17. 705,903 shares of the company's stock were exchanged, compared to its average volume of 649,684. The company's 50 day moving average is $51.53 and its 200-day moving average is $50.21. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.55 and a beta of 1.38. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.01. The firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a negative return on equity of 46.83% and a net margin of 10.77%. The firm's revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.97 earnings per share. Sell-side analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The business 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 dividend yield of 3.92%. The ex-dividend date was Friday, June 13th. Travel + Leisure's payout ratio is 37.40%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. 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. Barclays decreased their price objective 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, The Goldman Sachs Group dropped their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

Insider Buying and Selling

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the transaction, the director owned 4,477 shares of the company's stock, valued at approximately $224,745.40. The trade was a 55.13% 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 this hyperlink. Also, insider Jeffrey Myers sold 13,922 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $58.00, for a total value of $807,476.00. Following the completion of the sale, the insider owned 165,890 shares of the company's stock, valued at $9,621,620. This represents a 7.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,285 shares of company stock worth $1,474,767 over the last three months. 3.75% of the stock is owned by company insiders.

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.