Yousif Capital Management LLC Has $1.16 Million Holdings in Travel + Leisure Co. (NYSE:TNL)

Yousif Capital Management LLC cut its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,135 shares of the company’s stock after selling 760 shares during the period. Yousif Capital Management LLC’s holdings in Travel + Leisure were worth $1,163,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after buying an additional 181 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Travel + Leisure by 1.0% during the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock worth $986,000 after buying an additional 200 shares in the last quarter. Capital Analysts LLC increased its holdings in shares of Travel + Leisure by 16.8% during the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock worth $80,000 after buying an additional 227 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Travel + Leisure by 2.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company’s stock worth $451,000 after buying an additional 236 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Travel + Leisure by 4.0% during the fourth quarter. Xponance Inc. now owns 7,720 shares of the company’s stock worth $389,000 after buying an additional 294 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TNL shares. Truist Financial upped their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Tigress Financial increased their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Morgan Stanley decreased their price objective on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. Mizuho restated a “neutral” rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Finally, Barclays decreased their price objective on Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.20.

Travel + Leisure Trading Down 0.8%

Shares of Travel + Leisure stock opened at $48.80 on Wednesday. The business has a 50-day moving average price of $46.83 and a two-hundred day moving average price of $49.97. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95. The company has a market cap of $3.24 billion, a P/E ratio of 8.15, a PEG ratio of 0.47 and a beta of 1.37.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 46.83% and a net margin of 10.77%. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. During the same period last year, the business posted $0.97 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.59%. Travel + Leisure’s dividend payout ratio (DPR) is presently 37.40%.

Insider Transactions at Travel + Leisure

In other news, Director Denny Marie Post sold 5,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $50.20, for a total transaction of $276,100.00. Following the transaction, the director now owns 4,477 shares of the company’s stock, valued at $224,745.40. This represents a 55.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.75% of the company’s stock.

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.