Travel + Leisure Co. $TNL Position Lowered by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 2.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 944,053 shares of the company's stock after selling 25,877 shares during the quarter. Travel + Leisure accounts for approximately 1.3% of Copeland Capital Management LLC's portfolio, making the stock its 23rd largest holding. Copeland Capital Management LLC owned 1.54% of Travel + Leisure worth $58,409,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TNL. GAMMA Investing LLC increased its position in Travel + Leisure by 16.2% in the third quarter. GAMMA Investing LLC now owns 3,894 shares of the company's stock worth $241,000 after buying an additional 544 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Travel + Leisure by 5.3% during the second quarter. Envestnet Asset Management Inc. now owns 802,110 shares of the company's stock worth $61,305,000 after acquiring an additional 40,573 shares in the last quarter. State Street Corp lifted its position in shares of Travel + Leisure by 0.4% during the second quarter. State Street Corp now owns 2,157,772 shares of the company's stock worth $164,919,000 after acquiring an additional 7,641 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Travel + Leisure by 13,195.5% during the 2nd quarter. NewEdge Advisors LLC now owns 2,925 shares of the company's stock worth $224,000 after purchasing an additional 2,903 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of Travel + Leisure in the second quarter valued at approximately $216,000. Institutional investors own 87.54% of the company's stock.

Analyst Upgrades and Downgrades

TNL has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Travel + Leisure from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Travel + Leisure in a research report on Tuesday, July 21st. Truist Financial dropped their price objective on Travel + Leisure from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Thursday, September 10th. Zacks Research cut Travel + Leisure from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. initiated coverage on Travel + Leisure in a research report on Thursday, October 8th. They set a "neutral" rating and a $70.00 target price for the company. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $87.58.

Insider Activity

In other Travel + Leisure news, CAO Thomas Michael Duncan sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total value of $1,483,200.00. Following the sale, the chief accounting officer owned 5,307 shares of the company's stock, valued at $393,567.12. This trade represents a 79.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Geoffrey Richards sold 33,744 shares of the firm's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $75.65, for a total value of $2,552,733.60. Following the completion of the sale, the insider directly owned 1,600 shares in the company, valued at $121,040. The trade was a 95.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 86,635 shares of company stock valued at $6,503,559. 4.01% of the stock is currently owned by company insiders.

Travel + Leisure Stock Performance

NYSE TNL opened at $62.90 on Wednesday. Travel + Leisure Co. has a 52-week low of $58.33 and a 52-week high of $81.00. The company has a fifty day moving average of $67.66 and a 200-day moving average of $70.27. The company has a market capitalization of $3.85 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.62 and a beta of 1.19.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting analysts' consensus estimates of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $1.65 EPS. Travel + Leisure's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, analysts forecast that Travel + Leisure Co. will post 7.60 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, September 16th. Travel + Leisure's dividend payout ratio is 65.57%.

About Travel + Leisure

Travel + Leisure Co NYSE: TNL is a global hospitality and leisure company focused primarily on vacation ownership, membership, and travel services. Its portfolio includes vacation-ownership programs and resorts operated under brands such as Club Wyndham, WorldMark by Wyndham, Margaritaville Vacation Club, and other affiliated offerings. These programs provide members with access to vacation accommodations, resort stays, and travel-related benefits.

The company also operates travel-exchange and membership businesses that enable customers to exchange timeshare interests, arrange accommodations, and access travel experiences.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.