Brandywine Global Investment Management LLC Sells 9,506 Shares of Travel + Leisure Co. $TNL

Brandywine Global Investment Management LLC lessened its holdings in Travel + Leisure Co. (NYSE:TNL) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 265,669 shares of the company’s stock after selling 9,506 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Travel + Leisure were worth $18,738,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TNL. Danske Bank A S bought a new stake in shares of Travel + Leisure in the third quarter valued at about $30,000. N.E.W. Advisory Services LLC bought a new stake in shares of Travel + Leisure in the fourth quarter valued at about $43,000. Geneos Wealth Management Inc. boosted its position in shares of Travel + Leisure by 293.0% in the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after acquiring an additional 715 shares during the period. CENTRAL TRUST Co boosted its position in shares of Travel + Leisure by 181.5% in the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after acquiring an additional 510 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Travel + Leisure by 102.2% in the third quarter. Smartleaf Asset Management LLC now owns 835 shares of the company’s stock valued at $51,000 after acquiring an additional 422 shares during the period. Institutional investors own 87.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and issued a $85.00 target price on shares of Travel + Leisure in a research report on Wednesday, February 18th. Citizens Jmp boosted their price target on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a research note on Thursday, February 19th. Stifel Nicolaus set a $89.00 price target on Travel + Leisure in a research note on Wednesday, February 18th. The Goldman Sachs Group raised Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Monday, June 1st. Finally, Wells Fargo & Company dropped their price target on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $85.40.

Travel + Leisure Stock Down 0.7%

TNL stock opened at $71.20 on Tuesday. The company has a market cap of $4.44 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.17. The business has a 50-day simple moving average of $68.83 and a 200 day simple moving average of $70.44. Travel + Leisure Co. has a 52 week low of $47.61 and a 52 week high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $954.81 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 earnings per share. On average, analysts anticipate that Travel + Leisure Co. will post 7.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.40 annualized dividend and a yield of 3.4%. Travel + Leisure’s payout ratio is presently 67.42%.

Insider Activity at Travel + Leisure

In other news, insider Michael Dean Brown sold 9,443 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $79.11, for a total transaction of $747,035.73. Following the sale, the insider directly owned 487,303 shares in the company, valued at approximately $38,550,540.33. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director George Herrera sold 1,748 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total value of $122,901.88. Following the sale, the director owned 1,853 shares in the company, valued at approximately $130,284.43. This trade represents a 48.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 55,536 shares of company stock valued at $4,078,007. Corporate insiders own 4.01% of the company’s stock.

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.