Victory Capital Management Inc. Trims Stake in Travel + Leisure Co. (NYSE:TNL)

Victory Capital Management Inc. cut its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,080 shares of the company's stock after selling 9,648 shares during the quarter. Victory Capital Management Inc. owned 0.30% of Travel + Leisure worth $9,496,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Copeland Capital Management LLC grew its stake in Travel + Leisure by 0.9% during the third quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company's stock worth $71,584,000 after purchasing an additional 13,870 shares during the period. Dimensional Fund Advisors LP grew its stake in Travel + Leisure by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company's stock worth $63,547,000 after purchasing an additional 57,587 shares during the period. LSV Asset Management grew its stake in Travel + Leisure by 23.1% during the second quarter. LSV Asset Management now owns 725,381 shares of the company's stock worth $32,628,000 after purchasing an additional 136,281 shares during the period. Swedbank AB acquired a new stake in Travel + Leisure during the first quarter worth approximately $33,598,000. Finally, Millennium Management LLC grew its stake in Travel + Leisure by 440.7% during the second quarter. Millennium Management LLC now owns 614,141 shares of the company's stock worth $27,624,000 after purchasing an additional 500,554 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 5,009 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the sale, the insider now directly owns 125,209 shares in the company, valued at $6,530,901.44. The trade was a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Amandine Robin-Caplan sold 3,246 shares of the business's 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 owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,055 shares of company stock worth $4,544,170 over the last ninety days. 4.02% of the stock is currently owned by company insiders.

Travel + Leisure Stock Up 1.3 %

Travel + Leisure stock traded up $0.72 during mid-day trading on Friday, reaching $54.88. 73,866 shares of the company's stock were exchanged, compared to its average volume of 582,811. The business's fifty day simple moving average is $47.92 and its 200 day simple moving average is $45.54. The firm has a market capitalization of $3.75 billion, a PE ratio of 9.20, a P/E/G ratio of 0.76 and a beta of 1.61. Travel + Leisure Co. has a one year low of $35.41 and a one year high of $55.07.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued 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. The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. Travel + Leisure's quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $1.54 earnings per share. On average, sell-side analysts forecast that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.50 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.64%. Travel + Leisure's payout ratio is presently 33.96%.

Wall Street Analyst Weigh In

Several research firms recently commented on TNL. Truist Financial decreased 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. Tigress Financial raised their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Barclays raised their price objective on Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on Travel + Leisure from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, July 25th. Finally, The Goldman Sachs Group raised their price objective on Travel + Leisure from $44.00 to $49.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. One 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's stock. According to data from MarketBeat, Travel + Leisure currently has a consensus rating of "Moderate Buy" and an average price target of $55.67.

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.