Inceptionr LLC purchased a new stake in Travel + Leisure Co. (NYSE:TNL – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 12,246 shares of the company’s stock, valued at approximately $618,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after buying an additional 100,440 shares during the last quarter. Versor Investments LP increased its stake in Travel + Leisure by 45.4% in the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after buying an additional 12,585 shares during the last quarter. FMR LLC increased its stake in Travel + Leisure by 28.5% in the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after buying an additional 58,008 shares during the last quarter. Oak Thistle LLC acquired a new stake in Travel + Leisure in the 4th quarter valued at $1,288,000. Finally, Captrust Financial Advisors acquired a new position in shares of Travel + Leisure during the 3rd quarter worth about $224,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.
Travel + Leisure Stock Performance
Shares of TNL stock opened at $53.61 on Friday. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 0.67 and a beta of 1.61. The company has a 50-day simple moving average of $53.80 and a 200 day simple moving average of $50.32. Travel + Leisure Co. has a 52 week low of $39.91 and a 52 week high of $58.95.
Travel + Leisure (NYSE:TNL – Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million during 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 revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.98 EPS. Sell-side analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 4.18%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s payout ratio is currently 34.25%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on TNL. The Goldman Sachs Group boosted their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Stifel Nicolaus boosted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Tigress Financial boosted their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.70.
Read Our Latest Research Report on TNL
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.
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