Voya Investment Management LLC Lowers Stock Position in Travel + Leisure Co. $TNL

Voya Investment Management LLC lessened its position in shares of Travel + Leisure Co. (NYSE:TNL) by 16.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 227,440 shares of the company’s stock after selling 44,898 shares during the quarter. Voya Investment Management LLC’s holdings in Travel + Leisure were worth $13,530,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Travel + Leisure during the 2nd quarter valued at about $27,000. Parkside Financial Bank & Trust grew its holdings in Travel + Leisure by 155.3% in the second quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock valued at $32,000 after purchasing an additional 382 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Travel + Leisure by 293.0% in the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after buying an additional 715 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Travel + Leisure during the 2nd quarter worth approximately $45,000. Finally, True Wealth Design LLC lifted its position in shares of Travel + Leisure by 119.9% during the 2nd quarter. True Wealth Design LLC now owns 1,148 shares of the company’s stock valued at $59,000 after buying an additional 626 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Activity

In other news, insider Jeffrey Myers sold 50,000 shares of Travel + Leisure stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $66.38, for a total transaction of $3,319,000.00. Following the sale, the insider owned 63,789 shares of the company’s stock, valued at approximately $4,234,313.82. The trade was a 43.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Amandine Robin-Caplan sold 1,538 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $65.08, for a total value of $100,093.04. Following the completion of the transaction, the insider owned 3,904 shares in the company, valued at $254,072.32. This represents a 28.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 198,776 shares of company stock valued at $13,080,628 over the last three months. 3.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on TNL. Wells Fargo & Company assumed coverage on shares of Travel + Leisure in a report on Tuesday, November 18th. They issued an “overweight” rating and a $74.00 price target for the company. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. The Goldman Sachs Group upped their price target on shares of Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Citigroup reaffirmed an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, October 23rd. Finally, Morgan Stanley set a $68.00 price objective on Travel + Leisure in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.22.

Travel + Leisure Stock Up 1.2%

Shares of NYSE TNL opened at $72.95 on Tuesday. The firm has a 50-day simple moving average of $65.75 and a 200-day simple moving average of $60.86. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 0.63 and a beta of 1.39. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $73.43.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.08. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. Travel + Leisure’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.1%. Travel + Leisure’s dividend payout ratio is currently 36.84%.

About Travel + Leisure

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.