Travel + Leisure Co. (NYSE:TNL) Stock Holdings Trimmed by Swiss National Bank

Swiss National Bank lessened its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 13.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,700 shares of the company's stock after selling 22,000 shares during the quarter. Swiss National Bank owned about 0.20% of Travel + Leisure worth $5,695,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Quent Capital LLC increased its holdings in shares of Travel + Leisure by 23.6% in the 4th quarter. Quent Capital LLC now owns 1,454 shares of the company's stock valued at $57,000 after acquiring an additional 278 shares during the period. Allworth Financial LP increased its holdings in shares of Travel + Leisure by 147.5% in the 4th quarter. Allworth Financial LP now owns 698 shares of the company's stock valued at $27,000 after acquiring an additional 416 shares during the period. Fifth Third Bancorp increased its holdings in shares of Travel + Leisure by 42.8% in the 3rd quarter. Fifth Third Bancorp now owns 2,033 shares of the company's stock valued at $75,000 after acquiring an additional 609 shares during the period. California Public Employees Retirement System increased its holdings in shares of Travel + Leisure by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 134,612 shares of the company's stock valued at $5,262,000 after acquiring an additional 775 shares during the period. Finally, GAMMA Investing LLC acquired a new position in shares of Travel + Leisure in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Performance

Travel + Leisure stock traded down $1.06 during midday trading on Friday, reaching $45.05. The company's stock had a trading volume of 348,548 shares, compared to its average volume of 542,460. Travel + Leisure Co. has a fifty-two week low of $32.10 and a fifty-two week high of $49.02. The firm has a market capitalization of $3.21 billion, a PE ratio of 8.30, a P/E/G ratio of 2.56 and a beta of 1.63. The stock's 50 day simple moving average is $45.82 and its 200 day simple moving average is $41.76.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.12. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The firm had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The firm's revenue was up 4.2% on a year-over-year basis. Equities analysts predict that Travel + Leisure Co. will post 5.52 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, June 14th. Travel + Leisure's dividend payout ratio is currently 36.83%.

Analyst Ratings Changes

A number of brokerages have recently commented on TNL. Truist Financial lifted their target price on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. JMP Securities started coverage on shares of Travel + Leisure in a research note on Tuesday, February 13th. They issued an "outperform" rating and a $50.00 price objective on the stock. 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 target price for the company. Finally, Barclays lifted their target price on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.83.

Insider Activity at Travel + Leisure

In other news, insider Kimberly Marshall sold 4,953 shares of Travel + Leisure stock in a transaction on Sunday, March 10th. The stock was sold at an average price of $45.24, for a total transaction of $224,073.72. Following the completion of the transaction, the insider now owns 54,657 shares of the company's stock, valued at approximately $2,472,682.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Kimberly Marshall sold 4,953 shares of the firm's stock in a transaction that occurred on Sunday, March 10th. The shares were sold at an average price of $45.24, for a total transaction of $224,073.72. Following the completion of the transaction, the insider now directly owns 54,657 shares of the company's stock, valued at approximately $2,472,682.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George Herrera sold 2,969 shares of Travel + Leisure stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the transaction, the director now owns 2,193 shares of the company's stock, valued at $99,408.69. 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. Corporate insiders own 4.02% of the company's stock.

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.