Harbor Capital Advisors Inc. Sells 2,996 Shares of Travel + Leisure Co. (NYSE:TNL)

Harbor Capital Advisors Inc. lowered its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 64,994 shares of the company’s stock after selling 2,996 shares during the period. Harbor Capital Advisors Inc. owned about 0.10% of Travel + Leisure worth $3,279,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Oliver Luxxe Assets LLC increased its holdings in shares of Travel + Leisure by 4.1% in the fourth quarter. Oliver Luxxe Assets LLC now owns 41,603 shares of the company’s stock worth $2,099,000 after buying an additional 1,648 shares during the period. GAMMA Investing LLC grew its position in Travel + Leisure by 30.7% during the 4th quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock worth $81,000 after acquiring an additional 379 shares during the last quarter. Versant Capital Management Inc increased its stake in Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares during the period. Franklin Resources Inc. lifted its position in Travel + Leisure by 182.9% in the third quarter. Franklin Resources Inc. now owns 51,216 shares of the company’s stock valued at $2,337,000 after purchasing an additional 33,111 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in shares of Travel + Leisure by 168.3% during the third quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company’s stock valued at $763,000 after purchasing an additional 10,382 shares during the period. 87.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial lifted their target price on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group boosted their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Barclays increased their target price on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a report on Friday, December 13th. Morgan Stanley assumed coverage on Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. 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 stock. According to data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.50.

Insider Buying and Selling

In other Travel + Leisure news, insider Geoffrey Richards sold 5,009 shares of Travel + Leisure stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the completion of the transaction, the insider now owns 125,209 shares in the company, valued at approximately $6,530,901.44. The trade was a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $47.55, for a total value of $3,804,000.00. Following the completion of the sale, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. This trade represents a 18.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,016 shares of company stock valued at $4,846,863 over the last quarter. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Performance

Travel + Leisure stock opened at $50.07 on Friday. Travel + Leisure Co. has a fifty-two week low of $37.99 and a fifty-two week high of $56.91. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 0.77 and a beta of 1.64. The stock’s 50 day simple moving average is $52.68 and its two-hundred day simple moving average is $47.53.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 earnings per share. On average, analysts predict that Travel + Leisure Co. will post 5.75 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.99%. Travel + Leisure’s dividend payout ratio (DPR) is currently 33.96%.

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.