Truist Financial Corp Has $1.01 Million Holdings in Travel + Leisure Co. (NYSE:TNL)

Truist Financial Corp lowered its position in shares of Travel + Leisure Co. (NYSE:TNLGet Rating) by 33.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,443 shares of the company’s stock after selling 14,520 shares during the quarter. Truist Financial Corp’s holdings in Travel + Leisure were worth $1,005,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Wipfli Financial Advisors LLC acquired a new position in Travel + Leisure in the 3rd quarter valued at approximately $37,000. Versor Investments LP boosted its holdings in shares of Travel + Leisure by 189.4% during the 3rd quarter. Versor Investments LP now owns 76,102 shares of the company’s stock worth $2,597,000 after buying an additional 49,802 shares during the period. Raymond James & Associates boosted its holdings in Travel + Leisure by 12.0% in the 3rd quarter. Raymond James & Associates now owns 32,958 shares of the company’s stock valued at $1,125,000 after purchasing an additional 3,532 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Travel + Leisure by 0.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 56,585 shares of the company’s stock valued at $1,931,000 after purchasing an additional 460 shares during the period. Finally, Louisiana State Employees Retirement System bought a new stake in Travel + Leisure in the 3rd quarter valued at $761,000. Institutional investors and hedge funds own 88.54% of the company’s stock.

Travel + Leisure Stock Performance

NYSE:TNL opened at $40.41 on Friday. The company has a 50-day moving average of $37.83 and a 200-day moving average of $39.77. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 9.29 and a beta of 1.65. Travel + Leisure Co. has a 52 week low of $33.57 and a 52 week high of $63.19.

Travel + Leisure (NYSE:TNLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.01). The business had revenue of $937.00 million for the quarter, compared to the consensus estimate of $943.06 million. Travel + Leisure had a negative return on equity of 45.32% and a net margin of 10.57%. Sell-side analysts forecast that Travel + Leisure Co. will post 4.44 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, December 14th. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.78%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director George Herrera sold 882 shares of the stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $38.58, for a total transaction of $34,027.56. Following the completion of the sale, the director now owns 40,320 shares in the company, valued at approximately $1,555,545.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.07% of the stock is currently owned by corporate insiders.

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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