US Bancorp DE cut its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,056 shares of the company's stock after selling 4,651 shares during the quarter. US Bancorp DE's holdings in Travel + Leisure were worth $882,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Natixis purchased a new stake in Travel + Leisure during the fourth quarter valued at about $37,000. UMB Bank n.a. lifted its holdings 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 buying an additional 409 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Travel + Leisure in the first quarter worth about $54,000. Rossby Financial LCC purchased a new stake in shares of Travel + Leisure in the first quarter worth about $55,000. Finally, Canada Pension Plan Investment Board lifted its holdings 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 worth $66,000 after buying an additional 1,000 shares in the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.
Travel + Leisure Trading Down 0.4%
TNL stock opened at $58.88 on Friday. The company's 50 day moving average is $54.75 and its 200 day moving average is $51.13. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 0.57 and a beta of 1.43. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $63.31.
Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly 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). Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $1.52 earnings per share. The firm's revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Dividend Announcement
The firm also recently declared 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. 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 dividend payout ratio (DPR) is presently 38.62%.
Insider Buying and Selling at Travel + Leisure
In other Travel + Leisure news, insider Geoffrey Richards sold 124,454 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $62.56, for a total transaction of $7,785,842.24. Following the transaction, the insider directly owned 118,718 shares in the company, valued at $7,426,998.08. This trade represents a 51.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Myers sold 110,885 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $62.33, for a total transaction of $6,911,462.05. Following the transaction, the insider owned 142,553 shares in the company, valued at $8,885,328.49. The trade was a 43.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 323,474 shares of company stock valued at $19,908,918. 3.75% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on TNL. Wall Street Zen raised shares of Travel + Leisure from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. JMP Securities increased their price target on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. The Goldman Sachs Group lowered their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Morgan Stanley lowered their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Barclays increased their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, July 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.30.
Get Our Latest Stock Report on TNL
Travel + Leisure Company Profile
(
Free Report)
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.
Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Travel + Leisure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travel + Leisure wasn't on the list.
While Travel + Leisure currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.