Commerce Bank Has $1.75 Million Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Commerce Bank trimmed its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 67.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,623 shares of the company's stock after selling 73,150 shares during the period. Commerce Bank owned about 0.05% of Travel + Leisure worth $1,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp acquired a new stake in shares of Travel + Leisure in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc increased its stake in Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after buying an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after buying an additional 503 shares during the last quarter. UMB Bank n.a. lifted its position in Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after buying an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after buying an additional 181 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the transaction, the director now directly owns 2,759 shares of the company's stock, valued at $129,121.20. The trade was a 69.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Dean Brown bought 2,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.75% of the company's stock.

Travel + Leisure Trading Up 0.9 %

Shares of NYSE:TNL traded up $0.41 during trading on Friday, reaching $44.15. 796,136 shares of the stock were exchanged, compared to its average volume of 627,947. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The stock has a 50-day moving average price of $47.72 and a 200-day moving average price of $50.50. The firm has a market cap of $2.94 billion, a PE ratio of 7.56, a PEG ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.01. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. On average, sell-side analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 5.07%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio (DPR) is currently 37.40%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TNL shares. Mizuho reiterated a "neutral" rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. The Goldman Sachs Group cut their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Barclays lowered their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday. Truist Financial increased their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Finally, Morgan Stanley dropped their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Travel + Leisure has a consensus rating of "Moderate Buy" and a consensus target price of $59.20.

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.