Kendall Capital Management acquired a new position in Travel + Leisure Co. (NYSE:TNL – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,490 shares of the company’s stock, valued at approximately $933,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in Travel + Leisure in the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after buying an additional 503 shares during the period. UMB Bank n.a. boosted its stake in shares of Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after buying an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.
Wall Street Analyst Weigh In
TNL has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Barclays lifted their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. The Goldman Sachs Group lifted their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Mizuho reissued a “neutral” rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Finally, Morgan Stanley assumed coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They set an “overweight” rating and a $67.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $63.70.
Travel + Leisure Trading Up 0.2 %
TNL stock opened at $53.61 on Friday. The firm has a market cap of $3.58 billion, a PE ratio of 9.18, a PEG ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95. The company has a fifty day simple moving average of $53.86 and a 200 day simple moving average of $50.44.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. As a group, analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Monday, March 17th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is 34.25%.
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.
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