Calydon Capital Sells 12,529 Shares of Travel + Leisure Co. $TNL

Calydon Capital decreased its position in Travel + Leisure Co. (NYSE:TNL) by 10.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,291 shares of the company’s stock after selling 12,529 shares during the quarter. Calydon Capital owned approximately 0.17% of Travel + Leisure worth $6,561,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hillsdale Investment Management Inc. acquired a new position in Travel + Leisure in the 2nd quarter valued at $27,000. CNB Bank acquired a new position in Travel + Leisure during the 3rd quarter worth $32,000. Geneos Wealth Management Inc. lifted its position in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after acquiring an additional 715 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in Travel + Leisure by 181.5% during 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, SJS Investment Consulting Inc. boosted its holdings in Travel + Leisure by 13,383.3% during the third quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock valued at $48,000 after acquiring an additional 803 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travel + Leisure

In other news, insider Amandine Robin-Caplan sold 3,904 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $74.61, for a total value of $291,277.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Dean Brown sold 25,938 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $74.85, for a total transaction of $1,941,459.30. Following the transaction, the insider directly owned 427,821 shares of the company’s stock, valued at $32,022,401.85. The trade was a 5.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 96,702 shares of company stock worth $7,182,383 in the last three months. 3.75% of the stock is owned by insiders.

Travel + Leisure Stock Performance

Shares of TNL opened at $68.53 on Friday. The company has a 50-day simple moving average of $72.70 and a 200-day simple moving average of $67.51. The firm has a market capitalization of $4.28 billion, a P/E ratio of 20.10, a P/E/G ratio of 0.52 and a beta of 1.32. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $81.00.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the business earned $1.72 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be given a $0.60 dividend. The ex-dividend date is Friday, March 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. Travel + Leisure’s dividend payout ratio is 70.38%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TNL. Weiss Ratings lowered Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Citizens Jmp increased their target price 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. Citigroup reaffirmed an “outperform” rating on shares of Travel + Leisure in a report on Thursday, February 19th. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Barclays set a $78.00 price target on Travel + Leisure in a report on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and an average price target of $85.90.

Travel + Leisure 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.