Travel + Leisure Co. (NYSE:TNL) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in Travel + Leisure Co. (NYSE:TNLGet Rating) by 16.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,869 shares of the company’s stock after selling 1,806 shares during the quarter. Advisors Asset Management Inc.’s holdings in Travel + Leisure were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Travel + Leisure by 13.9% in the 1st quarter. BlackRock Inc. now owns 9,806,796 shares of the company’s stock valued at $568,206,000 after purchasing an additional 1,197,611 shares during the period. Vanguard Group Inc. raised its position in Travel + Leisure by 1.2% during the first quarter. Vanguard Group Inc. now owns 8,770,347 shares of the company’s stock worth $508,154,000 after acquiring an additional 108,258 shares during the period. Invesco Ltd. raised its position in Travel + Leisure by 11.8% during the first quarter. Invesco Ltd. now owns 6,057,641 shares of the company’s stock worth $350,980,000 after acquiring an additional 636,968 shares during the period. Boston Partners raised its position in Travel + Leisure by 25.2% during the first quarter. Boston Partners now owns 4,068,039 shares of the company’s stock worth $234,757,000 after acquiring an additional 817,795 shares during the period. Finally, Principal Financial Group Inc. raised its position in Travel + Leisure by 0.8% during the first quarter. Principal Financial Group Inc. now owns 3,403,622 shares of the company’s stock worth $197,206,000 after acquiring an additional 27,474 shares during the period. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Up 0.1 %

Shares of NYSE TNL opened at $38.00 on Friday. Travel + Leisure Co. has a 52 week low of $33.57 and a 52 week high of $63.19. The firm has a 50-day simple moving average of $38.00 and a 200-day simple moving average of $42.52. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 8.74 and a beta of 1.69.

Travel + Leisure (NYSE:TNLGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.01). Travel + Leisure had a net margin of 10.57% and a negative return on equity of 45.32%. The firm had revenue of $937.00 million during the quarter, compared to analysts’ expectations of $943.06 million. As a group, equities research analysts expect that Travel + Leisure Co. will post 4.46 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, December 14th. Travel + Leisure’s dividend payout ratio is currently 36.78%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TNL shares. Truist Financial reduced their price objective on shares of Travel + Leisure from $72.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, November 15th. Credit Suisse Group cut shares of Travel + Leisure from an “outperform” rating to an “underperform” rating in a research report on Friday, October 28th. Stifel Nicolaus reduced their price objective on shares of Travel + Leisure from $76.00 to $61.00 in a research report on Thursday, July 28th. Barclays reduced their target price on shares of Travel + Leisure to $43.00 in a research report on Tuesday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Travel + Leisure from $69.00 to $62.00 in a research report on Friday, October 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $61.00.

Travel + Leisure Company Profile

(Get Rating)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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