Personal CFO Solutions LLC Sells 1,136 Shares of Travel + Leisure Co. (NYSE:TNL)

Personal CFO Solutions LLC trimmed its holdings in Travel + Leisure Co. (NYSE:TNL) by 11.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 8,597 shares of the company’s stock after selling 1,136 shares during the quarter. Personal CFO Solutions LLC’s holdings in Travel + Leisure were worth $398,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TNL. Smartleaf Asset Management LLC lifted its holdings in shares of Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after acquiring an additional 181 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Travel + Leisure in the fourth quarter worth about $25,000. Charles Schwab Investment Management Inc. increased its position in shares of Travel + Leisure by 15.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company’s stock valued at $46,169,000 after acquiring an additional 122,173 shares during the period. Atria Investments Inc increased its stake in shares of Travel + Leisure by 25.1% in the fourth quarter. Atria Investments Inc now owns 6,689 shares of the company’s stock worth $337,000 after acquiring an additional 1,344 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Travel + Leisure in the fourth quarter valued at approximately $1,570,000. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $56.61 on Wednesday. The firm has a market cap of $3.76 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.54 and a beta of 1.38. The business has a fifty day moving average of $49.85 and a 200-day moving average of $49.86. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company 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 company earned $0.97 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.56 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.96%. Travel + Leisure’s dividend payout ratio (DPR) is currently 37.40%.

Insider Buying and Selling at Travel + Leisure

In related news, Director Denny Marie Post sold 5,500 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was 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 approximately $224,745.40. This represents a 55.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.75% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TNL has been the subject of several recent analyst reports. The Goldman Sachs Group cut their target price on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Barclays lowered their price objective 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 lowered their target price on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. One equities research 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 MarketBeat, the company 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.