Harbor Capital Advisors Inc. Grows Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Harbor Capital Advisors Inc. increased its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 27.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,990 shares of the company's stock after acquiring an additional 14,779 shares during the quarter. Harbor Capital Advisors Inc. owned 0.10% of Travel + Leisure worth $3,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TNL. UMB Bank n.a. boosted its holdings in shares of Travel + Leisure by 1,948.1% in the 3rd 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 last quarter. Versant Capital Management Inc bought a new stake in Travel + Leisure in the second quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC lifted its position in Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock valued at $28,000 after purchasing an additional 607 shares during the last quarter. Family Firm Inc. purchased a new position in Travel + Leisure during the 2nd quarter valued at $31,000. Finally, Larson Financial Group LLC bought a new position in Travel + Leisure in the 2nd quarter worth $36,000. Institutional investors own 87.54% of the company's stock.

Insider Buying and Selling at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,246 shares of the company'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 completion of the transaction, the insider now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares of the company's stock, valued at $269,832.96. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction 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 approximately $1,024,703.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,439 shares of company stock worth $4,032,971 over the last ninety days. Insiders own 4.02% of the company's stock.

Wall Street Analyst Weigh In

TNL has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, July 25th. Barclays raised their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an "underweight" rating in a research note on Thursday, October 24th. The Goldman Sachs Group raised their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, July 19th. Finally, Tigress Financial lifted their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research report on Friday. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.67.

Travel + Leisure Trading Up 1.6 %

TNL traded up $0.79 during trading on Tuesday, hitting $49.90. The stock had a trading volume of 386,827 shares, compared to its average volume of 588,710. The company has a 50 day simple moving average of $45.32 and a 200-day simple moving average of $44.79. Travel + Leisure Co. has a 12 month low of $34.12 and a 12 month high of $49.91. The firm has a market cap of $3.41 billion, a PE ratio of 8.37, a P/E/G ratio of 0.70 and a beta of 1.61.

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 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 business had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company earned $1.54 EPS. Travel + Leisure's revenue for the quarter was up .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 4.01%. Travel + Leisure's payout ratio is 33.96%.

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.