Oliver Luxxe Assets LLC Sells 20,878 Shares of Travel + Leisure Co. $TNL

Oliver Luxxe Assets LLC lowered its stake in Travel + Leisure Co. (NYSE:TNL) by 46.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,761 shares of the company’s stock after selling 20,878 shares during the period. Oliver Luxxe Assets LLC’s holdings in Travel + Leisure were worth $1,816,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TNL. Baron Wealth Management LLC lifted its holdings in Travel + Leisure by 2.8% during the 1st quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock worth $343,000 after buying an additional 133 shares in the last quarter. Diversified Trust Co increased its stake in shares of Travel + Leisure by 0.7% in the 1st quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock valued at $1,342,000 after buying an additional 137 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Travel + Leisure by 2.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock valued at $408,000 after buying an additional 148 shares during the period. Evolve Private Wealth LLC increased its stake in shares of Travel + Leisure by 1.7% in the 1st quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock valued at $641,000 after buying an additional 156 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of 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 during the last quarter. Institutional investors own 87.54% of the company’s stock.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the sale, the director owned 1,353 shares of the company’s stock, valued at approximately $101,691.48. This represents a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Denny Marie Post sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total transaction of $159,575.00. Following the completion of the sale, the director directly owned 1,977 shares of the company’s stock, valued at $126,191.91. The trade was a 55.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 97,435 shares of company stock valued at $7,166,474. Insiders own 4.01% of the company’s stock.

Analyst Ratings Changes

TNL has been the topic of several research reports. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Monday, June 1st. Barclays boosted their price objective on Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Travel + Leisure in a research report on Tuesday, July 21st. Finally, Mizuho raised their target price on shares of Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $86.90.

Travel + Leisure Stock Up 0.1%

NYSE:TNL opened at $76.75 on Monday. Travel + Leisure Co. has a 12-month low of $57.78 and a 12-month high of $81.00. The firm has a market capitalization of $4.70 billion, a P/E ratio of 20.97, a P/E/G ratio of 0.52 and a beta of 1.17. The stock’s fifty day simple moving average is $74.79 and its 200-day simple moving average is $71.91.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting analysts’ consensus estimates of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that Travel + Leisure Co. will post 7.68 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.1%. Travel + Leisure’s dividend payout ratio is 65.57%.

Travel + Leisure Company Profile

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.