Travel + Leisure Co. (NYSE:TNL) Position Increased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC raised its position in Travel + Leisure Co. (NYSE:TNL) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,603 shares of the company’s stock after purchasing an additional 1,648 shares during the quarter. Oliver Luxxe Assets LLC owned approximately 0.06% of Travel + Leisure worth $2,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TNL. GAMMA Investing LLC grew its stake in shares of Travel + Leisure by 30.7% in the 4th quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock valued at $81,000 after buying an additional 379 shares in the last quarter. Versant Capital Management Inc lifted its stake in Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after acquiring an additional 210 shares during the last quarter. Franklin Resources Inc. grew its position in Travel + Leisure by 182.9% in the third quarter. Franklin Resources Inc. now owns 51,216 shares of the company’s stock worth $2,337,000 after acquiring an additional 33,111 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Travel + Leisure by 168.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company’s stock worth $763,000 after purchasing an additional 10,382 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in shares of Travel + Leisure during the 3rd quarter valued at $1,180,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Trading Up 3.0 %

NYSE:TNL traded up $1.51 during trading hours on Monday, hitting $51.36. 338,236 shares of the company traded hands, compared to its average volume of 439,105. Travel + Leisure Co. has a twelve month low of $37.99 and a twelve month high of $56.91. The firm has a 50-day moving average of $52.48 and a 200 day moving average of $47.39. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 0.77 and a beta of 1.64.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts predict that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.50 dividend. The ex-dividend date was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.89%. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Wall Street Analysts Forecast Growth

TNL has been the subject of a number of recent research reports. Stifel Nicolaus upped their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Barclays upped their target price on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research report on Friday, December 13th. Morgan Stanley initiated coverage on Travel + Leisure in a report on Monday. They set an “overweight” rating and a $67.00 price target on the stock. Finally, 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. One equities 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 stock. According to data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 4,607 shares of Travel + Leisure stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the sale, the insider now owns 120,602 shares in the company, valued at $6,542,658.50. The trade was a 3.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the sale, the director now directly owns 362,947 shares in the company, valued at $17,258,129.85. This trade represents a 18.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,016 shares of company stock valued at $4,846,863. 4.02% of the stock is owned by corporate insiders.

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.