Travel + Leisure Co. $TNL Shares Bought by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in Travel + Leisure Co. (NYSE:TNL) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 183,836 shares of the company’s stock after purchasing an additional 18,182 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Travel + Leisure were worth $12,966,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Danske Bank A S acquired a new position in shares of Travel + Leisure in the 3rd quarter valued at $30,000. N.E.W. Advisory Services LLC acquired a new position in shares of Travel + Leisure in the 4th quarter valued at $43,000. Geneos Wealth Management Inc. boosted its holdings in shares of Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after purchasing an additional 715 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Travel + Leisure by 181.5% in the 3rd quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after purchasing an additional 510 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Travel + Leisure by 102.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 835 shares of the company’s stock valued at $51,000 after purchasing an additional 422 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TNL. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings upgraded shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Citizens Jmp lifted their target price on shares of Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a report on Thursday, February 19th. Stifel Nicolaus set a $89.00 target price on shares of Travel + Leisure in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Monday, June 1st. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Travel + Leisure currently has an average rating of “Moderate Buy” and an average target price of $85.40.

Insider Activity

In related news, insider Kimberly Marshall sold 28,000 shares of Travel + Leisure stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the sale, the insider owned 33,191 shares of the company’s stock, valued at $2,329,012.47. The trade was a 45.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George Herrera sold 1,748 shares of Travel + Leisure stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $70.31, for a total transaction of $122,901.88. Following the sale, the director directly owned 1,853 shares in the company, valued at $130,284.43. This trade represents a 48.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 55,536 shares of company stock worth $4,078,007 over the last three months. 4.01% of the stock is currently owned by corporate insiders.

Travel + Leisure Price Performance

Travel + Leisure stock opened at $72.25 on Wednesday. Travel + Leisure Co. has a 12-month low of $47.61 and a 12-month high of $81.00. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 0.54 and a beta of 1.17. The firm’s fifty day moving average price is $68.92 and its 200 day moving average price is $70.51.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $954.81 million. During the same quarter in the previous year, the firm posted $1.11 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts forecast that Travel + Leisure Co. will post 7.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.40 annualized dividend and a yield of 3.3%. Travel + Leisure’s payout ratio is 67.42%.

Travel + Leisure Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.