Fox Run Management L.L.C. purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,162 shares of the company’s stock, valued at approximately $714,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Atria Investments Inc boosted its holdings in Travel + Leisure by 14.4% during the third quarter. Atria Investments Inc now owns 5,345 shares of the company’s stock worth $246,000 after buying an additional 672 shares in the last quarter. Empowered Funds LLC boosted its holdings in Travel + Leisure by 57.7% during the third quarter. Empowered Funds LLC now owns 15,008 shares of the company’s stock worth $692,000 after buying an additional 5,494 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Travel + Leisure by 21.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after buying an additional 138,153 shares in the last quarter. Cerity Partners LLC purchased a new stake in Travel + Leisure during the third quarter worth about $892,000. Finally, Loomis Sayles & Co. L P boosted its holdings in Travel + Leisure by 1.3% during the third quarter. Loomis Sayles & Co. L P now owns 291,052 shares of the company’s stock worth $13,412,000 after buying an additional 3,841 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider Michael Dean Brown purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George Herrera sold 6,336 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now directly owns 2,759 shares of the company’s stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. 4.02% of the stock is currently owned by company insiders.
Travel + Leisure Stock Performance
Shares of TNL opened at $47.12 on Monday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 0.67 and a beta of 1.61. The company’s 50 day simple moving average is $53.37 and its 200 day simple moving average is $50.80. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.04. The business 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 company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.98 earnings per share. Equities analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.
Travel + Leisure Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.56 per share. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 17th. This represents a $2.24 annualized dividend and a dividend yield of 4.75%. Travel + Leisure’s dividend payout ratio is presently 38.36%.
Wall Street Analysts Forecast Growth
TNL has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Morgan Stanley initiated coverage on shares of Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price target for the company from $40.00 to $60.00 in a report on Monday, January 27th. Finally, Tigress Financial upped their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.70.
Check Out Our Latest Report on TNL
About Travel + Leisure
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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