Travel + Leisure Co. (NYSE:TNL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 93.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,124 shares of the company's stock after selling 94,531 shares during the period. Los Angeles Capital Management LLC's holdings in Travel + Leisure were worth $282,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State of New Jersey Common Pension Fund D boosted its stake in Travel + Leisure by 8.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,558 shares of the company's stock valued at $2,099,000 after buying an additional 3,359 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Travel + Leisure by 25.4% in the third quarter. Crossmark Global Holdings Inc. now owns 35,622 shares of the company's stock worth $1,642,000 after acquiring an additional 7,205 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Travel + Leisure by 1.7% during the third quarter. Baker Avenue Asset Management LP now owns 120,433 shares of the company's stock valued at $5,550,000 after purchasing an additional 1,981 shares during the last quarter. Atria Investments Inc lifted its holdings in Travel + Leisure by 14.4% during the 3rd quarter. Atria Investments Inc now owns 5,345 shares of the company's stock worth $246,000 after buying an additional 672 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Travel + Leisure during the third quarter valued at $44,000. Institutional investors own 87.54% of the company's stock.

Wall Street Analysts Forecast Growth

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

Travel + Leisure Stock Down 1.8 %

NYSE:TNL traded down $0.95 during midday trading on Tuesday, hitting $52.56. The company had a trading volume of 222,070 shares, compared to its average volume of 585,701. The company has a market capitalization of $3.60 billion, a PE ratio of 9.08, a P/E/G ratio of 0.78 and a beta of 1.61. Travel + Leisure Co. has a 52-week low of $35.41 and a 52-week high of $54.79. The stock's fifty day moving average price is $47.23 and its 200-day moving average price is $45.37.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly 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. 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 for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted $1.54 EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts forecast that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.81%. Travel + Leisure's dividend payout ratio (DPR) is 33.96%.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 2,193 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the transaction, the director now owns 6,352 shares of the company's stock, valued at approximately $269,832.96. This represents a 25.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the transaction, the director now owns 362,947 shares of the company's stock, valued at $17,258,129.85. The trade was a 18.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,055 shares of company stock worth $4,544,170 over the last three months. 4.02% of the stock is owned by corporate insiders.

About Travel + Leisure

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.