Cornercap Investment Counsel Inc. Has $269,000 Holdings in Travel + Leisure Co. (NYSE:TNL)

Cornercap Investment Counsel Inc. lessened its holdings in Travel + Leisure Co. (NYSE:TNL) by 74.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,844 shares of the company’s stock after selling 17,354 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Travel + Leisure were worth $269,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of TNL. UMB Bank n.a. raised its holdings in Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 526 shares during the period. Versant Capital Management Inc bought a new position in Travel + Leisure in the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC raised its holdings in Travel + Leisure by 2,759.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after acquiring an additional 607 shares during the period. Family Firm Inc. bought a new position in Travel + Leisure in the 2nd quarter worth $31,000. Finally, Larson Financial Group LLC bought a new position in Travel + Leisure in the 2nd quarter worth $36,000. Institutional investors own 87.54% of the company’s stock.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 2,193 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares of the company’s stock, valued at $269,832.96. This represents a 25.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total transaction of $135,812.64. Following the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at $1,024,703.44. This represents a 11.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,055 shares of company stock valued at $4,544,170. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $53.78 on Monday. Travel + Leisure Co. has a 52 week low of $35.41 and a 52 week high of $54.79. The company has a market capitalization of $3.68 billion, a PE ratio of 9.13, a PEG ratio of 0.78 and a beta of 1.61. The company has a 50 day moving average price of $47.01 and a two-hundred day moving average price of $45.31.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $1.54 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts forecast that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s payout ratio is presently 33.96%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TNL shares. Barclays boosted their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Tigress Financial upped their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Truist Financial reduced their price target on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group upped their target price on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.67.

Travel + Leisure Company 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.