Travel + Leisure Co. $TNL Shares Sold by Severin Investments LLC

Severin Investments LLC lessened its position in shares of Travel + Leisure Co. (NYSE:TNL) by 51.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,670 shares of the company’s stock after selling 8,080 shares during the period. Severin Investments LLC’s holdings in Travel + Leisure were worth $531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Danske Bank A S purchased a new stake in Travel + Leisure during the third quarter worth approximately $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Travel + Leisure in the fourth quarter worth $43,000. Geneos Wealth Management Inc. raised its stake in shares of Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after acquiring an additional 715 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Travel + Leisure by 27.2% in the 4th 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 during the period. Finally, Signaturefd LLC lifted its holdings in shares of Travel + Leisure by 17.8% during the 4th quarter. Signaturefd LLC now owns 1,276 shares of the company’s stock valued at $90,000 after acquiring an additional 193 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TNL has been the subject of a number of research reports. The Goldman Sachs Group raised shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Monday, June 1st. Morgan Stanley cut their price objective on Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Barclays decreased their target price on Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.40.

Insider Activity at Travel + Leisure

In other news, insider Michael Dean Brown sold 9,443 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $79.11, for a total transaction of $747,035.73. Following the completion of the sale, the insider owned 487,303 shares of the company’s stock, valued at approximately $38,550,540.33. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kimberly Marshall sold 28,000 shares of Travel + Leisure stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the completion of the sale, the insider owned 33,191 shares of the company’s stock, valued at approximately $2,329,012.47. This trade represents a 45.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 53,074 shares of company stock worth $3,907,122 over the last ninety days. Company insiders own 4.01% of the company’s stock.

Travel + Leisure Price Performance

Shares of TNL stock opened at $76.45 on Wednesday. Travel + Leisure Co. has a 12 month low of $50.92 and a 12 month high of $81.00. The firm has a market capitalization of $4.77 billion, a P/E ratio of 21.48, a P/E/G ratio of 0.59 and a beta of 1.17. The company’s fifty day moving average price is $69.44 and its two-hundred day moving average price is $71.35.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The company had revenue of $961.00 million during the quarter, compared to the consensus estimate of $954.80 million. During the same period last year, the firm earned $1.11 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Travel + Leisure Co. will post 7.47 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is 67.42%.

Travel + Leisure Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.