WBI Investments LLC Sells 9,420 Shares of Travel + Leisure Co. (NYSE:TNL)

WBI Investments LLC lessened its holdings in Travel + Leisure Co. (NYSE:TNL) by 46.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,846 shares of the company’s stock after selling 9,420 shares during the period. WBI Investments LLC’s holdings in Travel + Leisure were worth $488,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Travel + Leisure by 216.0% during the 4th quarter. CWM LLC now owns 6,400 shares of the company’s stock valued at $250,000 after acquiring an additional 4,375 shares during the last quarter. California Public Employees Retirement System raised its stake in Travel + Leisure by 0.6% in the fourth quarter. California Public Employees Retirement System now owns 134,612 shares of the company’s stock valued at $5,262,000 after purchasing an additional 775 shares in the last quarter. GAMMA Investing LLC bought a new stake in Travel + Leisure during the fourth quarter valued at approximately $36,000. State of New Jersey Common Pension Fund D grew its stake in Travel + Leisure by 10.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 67,764 shares of the company’s stock worth $2,649,000 after buying an additional 6,604 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Travel + Leisure by 32.9% in the 4th quarter. Russell Investments Group Ltd. now owns 271,816 shares of the company’s stock worth $10,626,000 after buying an additional 67,214 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Tigress Financial increased their price objective on Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.25.

Travel + Leisure Trading Up 0.9 %

Shares of NYSE:TNL opened at $44.25 on Friday. The stock has a market capitalization of $3.09 billion, a P/E ratio of 8.15, a price-to-earnings-growth ratio of 0.60 and a beta of 1.63. The stock’s 50-day moving average price is $44.36 and its 200-day moving average price is $44.74. Travel + Leisure Co. has a 12-month low of $32.10 and a 12-month high of $49.91.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. The business had revenue of $985.00 million for the quarter, compared to analyst estimates of $987.20 million. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. Travel + Leisure’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. As a group, research analysts predict that Travel + Leisure Co. will post 5.61 EPS for the current year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Friday, September 13th. Travel + Leisure’s payout ratio is 36.83%.

Travel + Leisure Profile

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.