Commerce Bank Has $4.97 Million Position in Travel + Leisure Co. (NYSE:TNL)

Commerce Bank decreased its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 35.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,773 shares of the company’s stock after selling 60,260 shares during the quarter. Commerce Bank owned approximately 0.16% of Travel + Leisure worth $4,966,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TNL. Savoir Faire Capital Management L.P. boosted its holdings in shares of Travel + Leisure by 70.4% during the 3rd quarter. Savoir Faire Capital Management L.P. now owns 34,087 shares of the company’s stock worth $1,571,000 after buying an additional 14,087 shares during the period. Quest Partners LLC boosted its holdings in shares of Travel + Leisure by 42.3% during the third quarter. Quest Partners LLC now owns 31,564 shares of the company’s stock worth $1,454,000 after acquiring an additional 9,383 shares during the period. Empowered Funds LLC grew its position in shares of Travel + Leisure by 57.7% in the third quarter. Empowered Funds LLC now owns 15,008 shares of the company’s stock valued at $692,000 after purchasing an additional 5,494 shares during the last quarter. Hourglass Capital LLC increased its stake in shares of Travel + Leisure by 2.9% during the third quarter. Hourglass Capital LLC now owns 36,000 shares of the company’s stock worth $1,659,000 after purchasing an additional 1,020 shares during the period. Finally, Versor Investments LP lifted its holdings in Travel + Leisure by 45.4% during the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock worth $1,857,000 after purchasing an additional 12,585 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Truist Financial decreased 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Tigress Financial increased their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays lifted their price target on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their price objective on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Travel + Leisure presently has an average rating of “Moderate Buy” and an average price target of $55.67.

Travel + Leisure Stock Up 2.3 %

NYSE TNL opened at $54.16 on Friday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 9.20, a price-to-earnings-growth ratio of 0.76 and a beta of 1.61. Travel + Leisure Co. has a twelve month low of $35.41 and a twelve month high of $54.79. The business’s fifty day moving average is $47.92 and its 200 day moving average is $45.54.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $1.54 earnings per share. The business’s revenue for the quarter was up .7% on a year-over-year basis. On average, research analysts anticipate that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is currently 33.96%.

Insider Activity

In related news, insider Geoffrey Richards sold 4,607 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the completion of the sale, the insider now directly owns 120,602 shares in the company, valued at $6,542,658.50. This represents a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of Travel + Leisure stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the transaction, the insider now directly owns 24,491 shares in the company, valued at $1,024,703.44. The trade was a 11.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,055 shares of company stock valued at $4,544,170. Insiders own 4.02% of the company’s stock.

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.