Mutual of America Capital Management LLC Sells 929 Shares of Travel + Leisure Co. (NYSE:TNL)

Mutual of America Capital Management LLC cut its position in Travel + Leisure Co. (NYSE:TNL) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,206 shares of the company’s stock after selling 929 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Travel + Leisure worth $1,630,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TNL. Cerity Partners LLC boosted its position in Travel + Leisure by 1.0% during the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock worth $986,000 after buying an additional 200 shares during the period. Capital Analysts LLC grew its holdings in Travel + Leisure by 16.8% during the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock worth $80,000 after acquiring an additional 227 shares during the period. KBC Group NV boosted its position in shares of Travel + Leisure by 8.1% during the 1st quarter. KBC Group NV now owns 3,128 shares of the company’s stock valued at $145,000 after purchasing an additional 235 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Travel + Leisure by 2.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company’s stock worth $451,000 after purchasing an additional 236 shares in the last quarter. Finally, Xponance Inc. boosted its holdings in shares of Travel + Leisure by 4.0% during the 4th 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 owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travel + Leisure news, insider Jeffrey Myers sold 13,922 shares of Travel + Leisure stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $58.00, for a total value of $807,476.00. Following the sale, the insider owned 165,890 shares of the company’s stock, valued at approximately $9,621,620. The trade was a 7.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Denny Marie Post sold 5,500 shares of the stock in a transaction that occurred on 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 directly owned 4,477 shares of the company’s stock, valued at $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,285 shares of company stock valued at $1,474,767 in the last 90 days. Corporate insiders own 3.75% of the company’s stock.

Travel + Leisure Price Performance

NYSE TNL opened at $57.17 on Monday. The company has a fifty day moving average price of $51.53 and a 200-day moving average price of $50.22. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.55 and a beta of 1.38. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95.

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

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.56 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.24 annualized dividend and a yield of 3.92%. Travel + Leisure’s dividend payout ratio is currently 37.40%.

Analyst Upgrades and Downgrades

TNL has been the topic of several research reports. The Goldman Sachs Group dropped their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Barclays cut their target price on Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Finally, Morgan Stanley decreased their price target on shares of Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.20.

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.