Travel + Leisure Co. (NYSE:TNL) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 24.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,232 shares of the company's stock after selling 10,939 shares during the period. Amalgamated Bank's holdings in Travel + Leisure were worth $1,531,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its position in Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company's stock worth $25,000 after purchasing an additional 526 shares during the last quarter. Versant Capital Management Inc purchased a new position in Travel + Leisure during the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC grew its position in Travel + Leisure by 2,759.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock worth $28,000 after purchasing an additional 607 shares during the last quarter. Family Firm Inc. purchased a new position in Travel + Leisure during the 2nd quarter worth $31,000. Finally, Larson Financial Group LLC purchased a new position in Travel + Leisure during the 2nd quarter worth $36,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Amandine Robin-Caplan sold 3,246 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares of the company's stock, valued at $1,024,703.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now owns 24,491 shares of the company's stock, valued at $1,024,703.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now directly owns 362,947 shares of the company's stock, valued at approximately $17,258,129.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,448 shares of company stock valued at $4,294,241 over the last 90 days. Insiders own 4.02% of the company's stock.

Travel + Leisure Price Performance

TNL traded up $0.62 during midday trading on Wednesday, reaching $54.04. 258,314 shares of the company's stock were exchanged, compared to its average volume of 588,028. The stock has a market capitalization of $3.70 billion, a PE ratio of 9.24, a P/E/G ratio of 0.77 and a beta of 1.61. The business's 50-day moving average price is $46.37 and its 200 day moving average price is $45.10. Travel + Leisure Co. has a 1-year low of $35.41 and a 1-year high of $54.59.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 earnings per share. As a group, analysts expect that Travel + Leisure Co. will post 5.77 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure's dividend payout ratio is presently 33.96%.

Analysts Set New Price Targets

TNL has been the topic of several analyst reports. Barclays lifted their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of Travel + Leisure from $53.00 to $63.00 and gave the company an "overweight" rating in a report on Friday, July 19th. Truist Financial lowered their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Finally, The Goldman Sachs Group raised their price objective on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.67.

Travel + Leisure Company Profile

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