Copeland Capital Management LLC Raises Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Copeland Capital Management LLC grew its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,553,470 shares of the company's stock after buying an additional 13,870 shares during the quarter. Travel + Leisure makes up about 1.2% of Copeland Capital Management LLC's investment portfolio, making the stock its 27th largest holding. Copeland Capital Management LLC owned approximately 2.23% of Travel + Leisure worth $71,584,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TNL. UMB Bank n.a. lifted its holdings in Travel + Leisure by 1,948.1% in the third quarter. UMB Bank n.a. now owns 553 shares of the company's stock worth $25,000 after buying an additional 526 shares during the period. Versant Capital Management Inc bought a new stake in shares of Travel + Leisure during the 2nd quarter valued at $27,000. Allspring Global Investments Holdings LLC grew its position in shares of Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock worth $28,000 after buying an additional 607 shares during the period. Family Firm Inc. bought a new stake in Travel + Leisure during the second quarter worth about $31,000. Finally, Larson Financial Group LLC purchased a new stake in Travel + Leisure in the second quarter worth about $36,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TNL. Tigress Financial boosted their price target on Travel + Leisure from $54.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Barclays downgraded Travel + Leisure from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $46.00 to $40.00 in a report on Thursday, September 26th. The Goldman Sachs Group started coverage on shares of Travel + Leisure in a research note on Wednesday, September 18th. They issued a "neutral" rating and a $44.00 price target on the stock. JPMorgan Chase & Co. increased their price target 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. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.33.

Travel + Leisure Trading Down 0.1 %

TNL stock traded down $0.03 during trading on Tuesday, reaching $45.44. The stock had a trading volume of 723,845 shares, compared to its average volume of 588,289. The stock's 50 day moving average is $44.30 and its two-hundred day moving average is $44.59. The firm has a market cap of $3.24 billion, a PE ratio of 8.41, a PEG ratio of 0.64 and a beta of 1.62. Travel + Leisure Co. has a 52 week low of $32.10 and a 52 week high of $49.91.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.13. Travel + Leisure had a net margin of 11.35% and a negative return on equity of 46.63%. The company had revenue of $985.00 million for the quarter, compared to the consensus estimate of $987.20 million. During the same quarter last year, the firm posted $1.33 earnings per share. The firm's revenue was up 3.8% compared to the same quarter last year. On average, research analysts anticipate that Travel + Leisure Co. will post 5.67 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 annualized dividend and a yield of 4.40%. Travel + Leisure's dividend payout ratio (DPR) is presently 36.83%.

Insider Transactions at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction 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 directly owns 24,491 shares of the company's stock, valued at $1,024,703.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Amandine Robin-Caplan sold 3,246 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the transaction, the insider now directly owns 24,491 shares of the company's stock, valued at approximately $1,024,703.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Herrera sold 2,193 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the sale, the director now directly owns 6,352 shares of the company's stock, valued at approximately $269,832.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company's stock.

Travel + Leisure 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.