Travel + Leisure Co. (NYSE:TNL) Shares Sold by Minot Capital LP

Minot Capital LP cut its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 1.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,681,129 shares of the company's stock after selling 26,976 shares during the period. Travel + Leisure makes up approximately 12.0% of Minot Capital LP's holdings, making the stock its 3rd largest holding. Minot Capital LP owned about 2.32% of Travel + Leisure worth $65,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cetera Advisor Networks LLC grew its stake in shares of Travel + Leisure by 3.7% during the first quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company's stock valued at $385,000 after acquiring an additional 235 shares in the last quarter. MetLife Investment Management LLC grew its stake in Travel + Leisure by 39.4% during the 1st quarter. MetLife Investment Management LLC now owns 58,299 shares of the company's stock valued at $3,378,000 after purchasing an additional 16,478 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Travel + Leisure by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,627 shares of the company's stock worth $1,832,000 after purchasing an additional 3,015 shares during the last quarter. BlackRock Inc. increased its holdings in Travel + Leisure by 13.9% during the 1st quarter. BlackRock Inc. now owns 9,806,796 shares of the company's stock worth $568,206,000 after purchasing an additional 1,197,611 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Travel + Leisure by 1.7% in the 1st quarter. Yousif Capital Management LLC now owns 47,819 shares of the company's stock valued at $2,771,000 after purchasing an additional 819 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider James J. Savina sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $47.00, for a total value of $282,000.00. Following the sale, the insider now owns 26,442 shares in the company, valued at $1,242,774. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Travel + Leisure news, Director George Herrera sold 2,969 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $45.33, for a total transaction of $134,584.77. Following the transaction, the director now owns 2,193 shares of the company's stock, valued at approximately $99,408.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James J. Savina sold 6,000 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $47.00, for a total transaction of $282,000.00. Following the sale, the insider now owns 26,442 shares in the company, valued at $1,242,774. The disclosure for this sale can be found here. Insiders sold 28,922 shares of company stock valued at $1,318,358 in the last ninety days. Company insiders own 2.07% of the company's stock.

Travel + Leisure Stock Down 2.3 %

Shares of NYSE:TNL traded down $1.07 during trading on Thursday, hitting $46.35. 486,267 shares of the company traded hands, compared to its average volume of 535,930. The business's fifty day moving average is $44.24 and its 200-day moving average is $39.54. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 1.28 and a beta of 1.63. Travel + Leisure Co. has a one year low of $32.10 and a one year high of $49.02.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.37 by $0.61. The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $946.56 million. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The firm's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. On average, analysts forecast that Travel + Leisure Co. will post 5.4 EPS for the current year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This is an increase from Travel + Leisure's previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 4.31%. Travel + Leisure's dividend payout ratio (DPR) is currently 37.59%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TNL. Mizuho initiated coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They issued a "neutral" rating and a $55.00 price target for the company. JMP Securities began coverage on shares of Travel + Leisure in a research report on Tuesday, February 13th. They set an "outperform" rating and a $50.00 price target on the stock. Truist Financial lifted their price target on Travel + Leisure from $59.00 to $65.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Jefferies Financial Group raised Travel + Leisure from a "hold" rating to a "buy" rating and increased their target price for the stock from $37.00 to $57.00 in a report on Tuesday, January 2nd. Finally, Barclays boosted their price target on Travel + Leisure from $37.00 to $44.00 and gave the company an "equal weight" rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Travel + Leisure currently has an average rating of "Hold" and a consensus price target of $53.63.

Travel + Leisure Company 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.

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