US Bancorp DE Sells 10,484 Shares of Travel + Leisure Co. $TNL

US Bancorp DE reduced its holdings in Travel + Leisure Co. (NYSE:TNL) by 55.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,507 shares of the company’s stock after selling 10,484 shares during the period. US Bancorp DE’s holdings in Travel + Leisure were worth $506,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rossby Financial LCC grew its holdings in shares of Travel + Leisure by 13.1% in the 3rd quarter. Rossby Financial LCC now owns 1,408 shares of the company’s stock valued at $85,000 after acquiring an additional 163 shares in the last quarter. Optas LLC increased its position in shares of Travel + Leisure by 4.3% in the third quarter. Optas LLC now owns 4,542 shares of the company’s stock valued at $270,000 after acquiring an additional 189 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Travel + Leisure by 19.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Travel + Leisure by 3.9% during the third quarter. PNC Financial Services Group Inc. now owns 5,642 shares of the company’s stock valued at $336,000 after purchasing an additional 214 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Travel + Leisure by 9.6% during the third quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $148,000 after purchasing an additional 218 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Down 2.3%

Shares of NYSE TNL opened at $71.48 on Tuesday. The business’s 50 day moving average price is $72.77 and its two-hundred day moving average price is $67.32. The company has a market cap of $4.46 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 0.55 and a beta of 1.32. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm posted $1.72 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Insider Activity

In other news, insider Michael Dean Brown sold 66,860 shares of the firm’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $74.03, for a total transaction of $4,949,645.80. Following the completion of the sale, the insider owned 427,821 shares in the company, valued at approximately $31,671,588.63. This trade represents a 13.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Amandine Robin-Caplan sold 3,904 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $74.61, for a total transaction of $291,277.44. The SEC filing for this sale provides additional information. Insiders sold 96,702 shares of company stock worth $7,182,383 over the last three months. Insiders own 3.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TNL. Wells Fargo & Company boosted their price target on Travel + Leisure from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Stifel Nicolaus set a $89.00 price objective on Travel + Leisure in a report on Wednesday, February 18th. The Goldman Sachs Group raised their target price on shares of Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Morgan Stanley upped their price target on shares of Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average target price of $85.90.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.