Vanguard Group Inc. Trims Holdings in Travel + Leisure Co. $TNL

Vanguard Group Inc. decreased its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,945,099 shares of the company’s stock after selling 337,932 shares during the period. Vanguard Group Inc. owned 15.46% of Travel + Leisure worth $591,634,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Hillsdale Investment Management Inc. bought a new stake in Travel + Leisure during the 2nd quarter valued at approximately $27,000. Parkside Financial Bank & Trust grew its position in Travel + Leisure by 155.3% during the 2nd 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 last quarter. CNB Bank bought a new stake in shares of Travel + Leisure during the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. increased its holdings 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 worth $44,000 after purchasing an additional 715 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Travel + Leisure in the 2nd quarter worth about $45,000. Institutional investors own 87.54% of the company’s stock.

Insiders Place Their Bets

In related news, insider Amandine Robin-Caplan sold 3,904 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $74.61, for a total value of $291,277.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TNL shares. Truist Financial raised their price target on Travel + Leisure from $70.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Weiss Ratings lowered shares of Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday. The Goldman Sachs Group increased their target price on Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research report on Friday. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.45.

Travel + Leisure Trading Up 0.7%

Shares of TNL opened at $75.00 on Wednesday. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $81.00. The firm has a fifty day moving average price of $72.37 and a 200-day moving average price of $66.41. The firm has a market capitalization of $4.68 billion, a P/E ratio of 21.99, a P/E/G ratio of 0.63 and a beta of 1.38.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, meeting the consensus estimate of $1.83. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

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.