Cwm LLC Grows Stake in Travel + Leisure Co. (NYSE:TNL)

Cwm LLC grew its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 103.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,087 shares of the company’s stock after purchasing an additional 6,657 shares during the period. Cwm LLC’s holdings in Travel + Leisure were worth $603,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Versant Capital Management Inc purchased a new stake in Travel + Leisure in the second quarter valued at about $27,000. Allspring Global Investments Holdings LLC boosted its stake in Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after purchasing an additional 607 shares in the last quarter. Family Firm Inc. purchased a new stake in Travel + Leisure during the 2nd quarter worth approximately $31,000. Larson Financial Group LLC acquired a new position in Travel + Leisure during the 2nd quarter valued at approximately $36,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Travel + Leisure in the second quarter worth $38,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Truist Financial cut their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. JPMorgan Chase & Co. lifted their target price on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Barclays downgraded shares of Travel + Leisure from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $46.00 to $40.00 in a report on Thursday, September 26th. Finally, The Goldman Sachs Group started coverage on shares of Travel + Leisure in a research note on Wednesday, September 18th. They set a “neutral” rating and a $44.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.33.

Travel + Leisure Stock Performance

TNL stock opened at $46.92 on Friday. Travel + Leisure Co. has a one year low of $32.10 and a one year high of $49.91. The firm’s fifty day moving average is $44.21 and its 200 day moving average is $44.62. The firm has a market cap of $3.34 billion, a PE ratio of 8.64, a P/E/G ratio of 0.62 and a beta of 1.62.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.13. The firm had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $987.20 million. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm earned $1.33 EPS. Research analysts predict that Travel + Leisure Co. will post 5.67 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.26%. Travel + Leisure’s dividend payout ratio (DPR) is 36.83%.

Insider Buying and Selling

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total transaction of $135,812.64. Following the transaction, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the completion of the transaction, the insider now owns 24,491 shares of the company’s stock, valued at $1,024,703.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Herrera sold 2,193 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the transaction, the director now owns 6,352 shares in the company, valued at approximately $269,832.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 4.02% of the stock is owned by insiders.

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.