Travel + Leisure Co. (NYSE:TNL) Position Reduced by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,161,790 shares of the company's stock after selling 15,064 shares during the quarter. Geode Capital Management LLC owned about 1.70% of Travel + Leisure worth $53,549,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Copeland Capital Management LLC increased its position in shares of Travel + Leisure by 0.9% during the third quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company's stock worth $71,584,000 after acquiring an additional 13,870 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Travel + Leisure by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company's stock valued at $63,547,000 after purchasing an additional 57,587 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company's stock worth $36,540,000 after purchasing an additional 138,153 shares during the last quarter. LSV Asset Management raised its position in shares of Travel + Leisure by 23.1% in the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company's stock valued at $32,628,000 after purchasing an additional 136,281 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Travel + Leisure by 440.7% during the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company's stock valued at $27,624,000 after buying an additional 500,554 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Price Performance

NYSE:TNL traded down $0.11 during midday trading on Monday, reaching $50.55. 680,968 shares of the company traded hands, compared to its average volume of 587,492. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 0.77 and a beta of 1.63. Travel + Leisure Co. has a twelve month low of $37.99 and a twelve month high of $56.91. The company has a fifty day moving average price of $51.71 and a 200 day moving average price of $46.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.08. The business had revenue of $993.00 million for 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 company's revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 EPS. On average, equities research analysts forecast that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.96%. Travel + Leisure's dividend payout ratio is presently 33.96%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TNL. JPMorgan Chase & Co. lifted their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Stifel Nicolaus upped their target price on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Truist Financial boosted their price objective on Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Tigress Financial increased their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, Barclays increased their target price on Travel + Leisure from $41.00 to $48.00 and gave the stock an "underweight" rating in a report on Friday, December 13th. 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 stock. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of "Moderate Buy" and an average target price of $58.50.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director Stephen P. Holmes sold 80,000 shares of the firm's stock in a transaction dated 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 approximately $17,258,129.85. This trade represents a 18.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Geoffrey Richards sold 4,607 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 of the company's stock, valued at approximately $6,542,658.50. This represents a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,016 shares of company stock worth $4,846,863. Company insiders own 4.02% of the company's stock.

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.