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

Harbor Capital Advisors Inc. lessened its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 64,994 shares of the company’s stock after selling 2,996 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Travel + Leisure were worth $3,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. UMB Bank n.a. boosted 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 purchasing an additional 526 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after buying an additional 210 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Travel + Leisure in the second quarter worth $38,000. Brooklyn Investment Group purchased a new stake in Travel + Leisure during the third quarter valued at $43,000. Finally, Capital Performance Advisors LLP bought a new position in Travel + Leisure in the third quarter valued at about $44,000. 87.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travel + Leisure

In related news, insider Geoffrey Richards sold 5,009 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the completion of the transaction, the insider now directly owns 125,209 shares of the company’s stock, valued at approximately $6,530,901.44. This represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen P. Holmes sold 80,000 shares of Travel + Leisure stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the sale, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 99,016 shares of company stock valued at $4,846,863 in the last 90 days. Insiders own 4.02% of the company’s stock.

Wall Street Analyst Weigh In

TNL has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Tigress Financial upped their target price 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 note on Monday, January 6th. They set an “overweight” rating and a $67.00 price target on the stock. The Goldman Sachs Group upped their price objective on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Truist Financial lifted their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $59.50.

Travel + Leisure Trading Down 1.8 %

NYSE:TNL opened at $50.07 on Friday. The stock has a 50-day moving average price of $52.68 and a 200 day moving average price of $47.53. The stock has a market capitalization of $3.43 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.77 and a beta of 1.64. Travel + Leisure Co. has a 12-month low of $37.99 and a 12-month high of $56.91.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $1.54 EPS. The company’s revenue was up .7% on a year-over-year basis. On average, research analysts predict that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.99%. The ex-dividend date was Friday, December 13th. Travel + Leisure’s payout ratio is currently 33.96%.

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.