8,836 Travel + Leisure Co. $TNL Shares Sold by Inscription Capital LLC

Inscription Capital LLC lowered its position in Travel + Leisure Co. (NYSE:TNL) by 46.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,069 shares of the company’s stock after selling 8,836 shares during the period. Inscription Capital LLC’s holdings in Travel + Leisure were worth $623,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sanctuary Advisors LLC grew its position in shares of Travel + Leisure by 3.8% in the first quarter. Sanctuary Advisors LLC now owns 5,234 shares of the company’s stock valued at $362,000 after purchasing an additional 190 shares in the last quarter. Assetmark Inc. lifted its position in Travel + Leisure by 43.8% in the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after buying an additional 191 shares during the last quarter. HUB Investment Partners LLC lifted its stake in Travel + Leisure by 3.2% during the second quarter. HUB Investment Partners LLC now owns 7,143 shares of the company’s stock worth $546,000 after purchasing an additional 220 shares in the last quarter. Swiss Life Asset Management Ltd lifted its holdings in Travel + Leisure by 6.0% during the 2nd quarter. Swiss Life Asset Management Ltd now owns 4,229 shares of the company’s stock worth $323,000 after buying an additional 241 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Travel + Leisure by 27.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,241 shares of the company’s stock valued at $88,000 after acquiring an additional 265 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on TNL shares. Susquehanna lowered their price target on shares of Travel + Leisure from $95.00 to $75.00 and set a “positive” rating for the company in a report on Thursday, October 15th. Mizuho set a $108.00 price objective on Travel + Leisure in a report on Wednesday, October 28th. Weiss Ratings cut Travel + Leisure from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday. Barclays reduced their target price on Travel + Leisure from $77.00 to $72.00 and set an “equal weight” rating for the company in a report on Wednesday, October 28th. Finally, Zacks Research raised Travel + Leisure from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 3rd. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.25.

Travel + Leisure Trading Up 0.3%

NYSE:TNL opened at $75.30 on Friday. Travel + Leisure Co. has a twelve month low of $60.34 and a twelve month high of $81.00. The company has a market capitalization of $4.54 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 0.74 and a beta of 1.21. The firm has a 50-day moving average price of $66.13 and a two-hundred day moving average price of $70.56.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.16. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 5.66%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $1.80 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Travel + Leisure Co. will post 7.77 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be issued a $0.60 dividend. The ex-dividend date is Friday, December 11th. This represents a $2.40 annualized dividend and a yield of 3.2%. Travel + Leisure’s dividend payout ratio (DPR) is presently 64.52%.

Insider Transactions at Travel + Leisure

In related news, CAO Thomas Michael Duncan sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total transaction of $1,483,200.00. Following the completion of the sale, the chief accounting officer directly owned 5,307 shares of the company’s stock, valued at approximately $393,567.12. This represents a 79.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.01% of the stock is currently owned by corporate insiders.

Travel + Leisure Company Profile

Travel + Leisure Co (NYSE:TNL) is a hospitality and leisure travel company that operates vacation ownership, exchange, and membership businesses. The company provides travelers with access to resort accommodations, vacation experiences, travel services, and related lifestyle offerings through a portfolio of consumer brands.

Its vacation ownership business includes brands such as Club Wyndham, WorldMark by Wyndham, and Margaritaville Vacation Club, offering members interests in vacation properties and access to resort destinations.