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

Commerce Bank cut its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 35.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,773 shares of the company's stock after selling 60,260 shares during the quarter. Commerce Bank owned 0.16% of Travel + Leisure worth $4,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TNL. Quest Partners LLC boosted its position in Travel + Leisure by 1,474.2% in the second quarter. Quest Partners LLC now owns 22,181 shares of the company's stock worth $998,000 after purchasing an additional 20,772 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Travel + Leisure by 125.9% during the second quarter. Harbor Capital Advisors Inc. now owns 53,211 shares of the company's stock valued at $2,393,000 after buying an additional 29,656 shares during the period. Versor Investments LP increased its holdings in Travel + Leisure by 45.4% during the third quarter. Versor Investments LP now owns 40,290 shares of the company's stock valued at $1,857,000 after buying an additional 12,585 shares during the last quarter. Hancock Whitney Corp bought a new position in Travel + Leisure in the second quarter worth approximately $1,925,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Travel + Leisure by 4,532.8% during the 3rd quarter. International Assets Investment Management LLC now owns 5,374 shares of the company's stock worth $248,000 after acquiring an additional 5,258 shares during the last quarter. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Stock Up 1.3 %

TNL stock traded up $0.70 during trading on Friday, hitting $54.86. 123,427 shares of the company's stock traded hands, compared to its average volume of 583,029. The business has a fifty day simple moving average of $47.92 and a two-hundred day simple moving average of $45.54. The firm has a market capitalization of $3.75 billion, a P/E ratio of 9.20, a PEG ratio of 0.76 and a beta of 1.61. Travel + Leisure Co. has a 1 year low of $35.41 and a 1 year high of $55.07.

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

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, December 13th. Travel + Leisure's dividend payout ratio is currently 33.96%.

Analysts Set New Price Targets

TNL has been the subject of a number of analyst reports. Barclays upped their price target on Travel + Leisure from $40.00 to $41.00 and gave the stock an "underweight" rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price target on Travel + Leisure from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. Tigress Financial increased their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, Truist Financial lowered their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Travel + Leisure has an average rating of "Moderate Buy" and an average target price of $55.67.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 4,607 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the completion of the sale, the insider now directly owns 120,602 shares in the company, valued at approximately $6,542,658.50. The trade was a 3.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen P. Holmes sold 80,000 shares of the business'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 transaction, the director now owns 362,947 shares of the company's stock, valued at $17,258,129.85. This represents a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,055 shares of company stock worth $4,544,170. 4.02% of the stock is owned by insiders.

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.