Travel + Leisure Co. (NYSE:TNL) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 244,816 shares of the company's stock after selling 4,925 shares during the period. Principal Financial Group Inc. owned approximately 0.36% of Travel + Leisure worth $12,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Travel + Leisure by 454.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,488 shares of the company's stock worth $161,000 after acquiring an additional 2,859 shares during the period. International Assets Investment Management LLC raised its stake in shares of Travel + Leisure by 4,532.8% during the third quarter. International Assets Investment Management LLC now owns 5,374 shares of the company's stock valued at $248,000 after purchasing an additional 5,258 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Travel + Leisure by 16.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,262 shares of the company's stock worth $1,809,000 after purchasing an additional 5,463 shares during the period. New York State Teachers Retirement System grew its position in Travel + Leisure by 6.4% in the 3rd quarter. New York State Teachers Retirement System now owns 108,283 shares of the company's stock valued at $4,990,000 after buying an additional 6,513 shares in the last quarter. Finally, Iridian Asset Management LLC CT increased its stake in Travel + Leisure by 1.3% during the 3rd quarter. Iridian Asset Management LLC CT now owns 534,156 shares of the company's stock valued at $24,614,000 after buying an additional 6,757 shares during the period. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Trading Down 1.5 %

Travel + Leisure stock opened at $55.43 on Friday. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95. The company's 50-day moving average is $53.42 and its two-hundred day moving average is $49.88. The company has a market cap of $3.70 billion, a PE ratio of 9.49, a PEG ratio of 0.67 and a beta of 1.64.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million during the quarter, compared to analysts' expectations of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. Travel + Leisure's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.98 EPS. Research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Analyst Ratings Changes

TNL has been the subject of several recent analyst reports. Tigress Financial increased their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 1st. Morgan Stanley started coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They issued an "overweight" rating and a $67.00 price target for the company. Truist Financial raised their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays increased their price objective on Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group raised their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.00.

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.

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