Travel + Leisure Co. (NYSE:TNL) Shares Sold by Dupont Capital Management Corp

Posted by Defense World Staff on Jul 22nd, 2023

Dupont Capital Management Corp cut its stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) by 84.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,285 shares of the company’s stock after selling 7,230 shares during the period. Dupont Capital Management Corp’s holdings in Travel + Leisure were worth $50,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in shares of Travel + Leisure by 929.3% during the first quarter. SG Americas Securities LLC now owns 69,558 shares of the company’s stock worth $2,727,000 after purchasing an additional 62,800 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Travel + Leisure by 74.3% in the first quarter. Janney Montgomery Scott LLC now owns 19,510 shares of the company’s stock valued at $765,000 after acquiring an additional 8,317 shares in the last quarter. North Star Investment Management Corp. acquired a new position in shares of Travel + Leisure during the first quarter worth about $27,000. Wright Investors Service Inc. raised its holdings in Travel + Leisure by 1.1% during the first quarter. Wright Investors Service Inc. now owns 49,720 shares of the company’s stock worth $1,949,000 after purchasing an additional 525 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Travel + Leisure by 10.2% in the first quarter. Mackenzie Financial Corp now owns 8,012 shares of the company’s stock valued at $314,000 after purchasing an additional 742 shares during the period. 87.29% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $42.23 on Friday. The stock has a fifty day moving average price of $39.90 and a 200 day moving average price of $39.72. The stock has a market cap of $3.22 billion, a PE ratio of 9.45, a P/E/G ratio of 0.38 and a beta of 1.67. Travel + Leisure Co. has a 1 year low of $33.57 and a 1 year high of $48.12.

Travel + Leisure (NYSE:TNL – Get Free Report) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.10. The business had revenue of $879.00 million during the quarter, compared to the consensus estimate of $840.65 million. Travel + Leisure had a negative return on equity of 43.00% and a net margin of 10.17%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.69 EPS. As a group, equities research analysts predict that Travel + Leisure Co. will post 5.5 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $1.80 annualized dividend and a dividend yield of 4.26%. Travel + Leisure’s dividend payout ratio is presently 40.27%.

Analyst Ratings Changes

TNL has been the topic of several recent analyst reports. Bank of America began coverage on Travel + Leisure in a research report on Monday, April 17th. They set an “underperform” rating and a $42.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on Travel + Leisure from $69.00 to $62.00 in a report on Thursday, April 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Travel + Leisure has a consensus rating of “Hold” and an average price target of $50.43.

Insider Transactions at Travel + Leisure

In related news, CAO Thomas Michael Duncan sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $40.92, for a total value of $122,760.00. Following the sale, the chief accounting officer now owns 17,271 shares of the company’s stock, valued at approximately $706,729.32. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Olivier Chavy sold 7,900 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $38.02, for a total value of $300,358.00. Following the completion of the transaction, the insider now owns 4,511 shares of the company’s stock, valued at $171,508.22. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Thomas Michael Duncan sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $40.92, for a total transaction of $122,760.00. Following the sale, the chief accounting officer now owns 17,271 shares in the company, valued at approximately $706,729.32. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company’s stock.

Travel + Leisure Profile

(Free Report)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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.