Shell Asset Management Co. Has $295,000 Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Posted by Defense World Staff on Feb 26th, 2023

Shell Asset Management Co. cut its position in shares of Travel + Leisure Co. (NYSE:TNL – Get Rating) by 20.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,650 shares of the company’s stock after selling 2,266 shares during the period. Shell Asset Management Co.’s holdings in Travel + Leisure were worth $295,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Northern Trust Corp boosted its holdings in shares of Travel + Leisure by 31.7% during the 2nd quarter. Northern Trust Corp now owns 1,052,660 shares of the company’s stock worth $40,864,000 after buying an additional 253,637 shares during the period. Fieldpoint Private Securities LLC boosted its holdings in shares of Travel + Leisure by 43.2% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 995 shares of the company’s stock worth $39,000 after buying an additional 300 shares during the period. Personal CFO Solutions LLC boosted its holdings in shares of Travel + Leisure by 16.3% during the 3rd quarter. Personal CFO Solutions LLC now owns 6,715 shares of the company’s stock worth $229,000 after buying an additional 943 shares during the period. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Travel + Leisure during the 2nd quarter worth about $446,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Travel + Leisure by 130.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,014 shares of the company’s stock worth $156,000 after buying an additional 2,270 shares during the period. 88.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TNL has been the subject of several research analyst reports. Jefferies Financial Group downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating and reduced their target price for the stock from $71.00 to $49.00 in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Travel + Leisure from $62.00 to $69.00 in a report on Thursday. Truist Financial cut their price objective on shares of Travel + Leisure from $72.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, November 15th. Credit Suisse Group boosted their price objective on shares of Travel + Leisure from $31.00 to $36.00 and gave the company an “underperform” rating in a report on Thursday. Finally, Barclays cut their price objective on shares of Travel + Leisure to $43.00 in a report on Tuesday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.00.

Insider Transactions at Travel + Leisure

In related news, Director George Herrera sold 882 shares of the company’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $38.58, for a total transaction of $34,027.56. Following the completion of the transaction, the director now directly owns 40,320 shares in the company, valued at approximately $1,555,545.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.07% of the stock is currently owned by insiders.

Travel + Leisure Trading Down 0.7 %

Shares of Travel + Leisure stock opened at $41.82 on Friday. The company has a 50 day moving average of $40.03 and a 200-day moving average of $39.71. Travel + Leisure Co. has a 1-year low of $33.57 and a 1-year high of $59.99. The company has a market cap of $3.24 billion, a PE ratio of 9.84 and a beta of 1.68.

Travel + Leisure (NYSE:TNL – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. Travel + Leisure had a net margin of 10.01% and a negative return on equity of 43.99%. The company had revenue of $899.00 million during the quarter, compared to the consensus estimate of $913.96 million. During the same quarter in the prior year, the firm posted $1.19 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts forecast that Travel + Leisure Co. will post 5.42 earnings per share for the current year.

Travel + Leisure Profile

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Travel + Leisure Co is a membership and leisure travel company, with a portfolio of nearly 20 resort, travel club, and lifestyle travel brands. It provides vacation experiences and travel inspiration to owners, members, and subscribers through its products and services: Wyndham Destinations, the vacation ownership company with 230 vacation club resort locations across the globe, Panorama, the membership travel business that includes the vacation exchange company, industry travel technology, and subscription travel brands, and Travel + Leisure Group, featuring online and print travel content, online booking platforms and travel clubs, and branded consumer products.