Natixis Advisors LLC Sells 21,233 Shares of Travel + Leisure Co. (NYSE:TNL)

Natixis Advisors LLC decreased its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 62.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,626 shares of the company's stock after selling 21,233 shares during the period. Natixis Advisors LLC's holdings in Travel + Leisure were worth $637,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of Travel + Leisure by 80.4% in the third quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after acquiring an additional 100,440 shares in the last quarter. FMR LLC increased its position in Travel + Leisure by 28.5% in the third quarter. FMR LLC now owns 261,599 shares of the company's stock worth $12,054,000 after buying an additional 58,008 shares during the last quarter. Oak Thistle LLC purchased a new stake in Travel + Leisure in the fourth quarter worth $1,288,000. Captrust Financial Advisors bought a new stake in shares of Travel + Leisure in the third quarter valued at $224,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Travel + Leisure during the 3rd quarter valued at $1,613,000. Institutional investors own 87.54% of the company's stock.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company's stock, valued at $129,121.20. This represents a 69.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael Dean Brown acquired 2,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the acquisition, 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. Company insiders own 4.02% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently weighed in on TNL. Morgan Stanley assumed coverage on Travel + Leisure in a report on Monday, January 6th. They issued an "overweight" rating and a $67.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and upped their price target for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Truist Financial boosted their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Tigress Financial lifted their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $63.70.

Travel + Leisure Stock Down 1.8 %

Shares of Travel + Leisure stock traded down $0.84 during trading on Friday, hitting $46.40. 632,503 shares of the stock traded hands, compared to its average volume of 607,173. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 52 week low of $39.91 and a 52 week high of $58.95. The firm's fifty day moving average is $52.99 and its 200-day moving average is $50.99.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million for the quarter, compared to analysts' expectations of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $1.98 earnings per share. On average, analysts forecast 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 will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.83%. Travel + Leisure's payout ratio is currently 38.36%.

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.