Amundi Grows Stake in Travel + Leisure Co. (NYSE:TNL)

Amundi raised its stake in Travel + Leisure Co. (NYSE:TNL) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,940 shares of the company’s stock after purchasing an additional 1,103 shares during the quarter. Amundi’s holdings in Travel + Leisure were worth $302,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TNL. Barclays PLC increased its position in shares of Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after acquiring an additional 100,440 shares during the last quarter. FMR LLC boosted its stake in Travel + Leisure by 28.5% in the third quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after acquiring an additional 58,008 shares during the period. Oak Thistle LLC acquired a new position in Travel + Leisure in the fourth quarter valued at approximately $1,288,000. Captrust Financial Advisors acquired a new position in Travel + Leisure in the third quarter valued at approximately $224,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Travel + Leisure during the third quarter worth approximately $1,613,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho reiterated a “neutral” rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Stifel Nicolaus increased their price target on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. increased their price target on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Finally, The Goldman Sachs Group increased their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.70.

Travel + Leisure Trading Down 1.0 %

Shares of NYSE:TNL opened at $47.12 on Friday. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95. The business has a fifty day simple moving average of $53.37 and a 200 day simple moving average of $50.70. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last posted 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 period in the prior year, the business posted $1.98 earnings per share. On average, 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 4.75%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, March 17th. Travel + Leisure’s dividend payout ratio is presently 38.36%.

Insider Activity

In related news, insider Michael Dean Brown bought 2,000 shares of Travel + Leisure stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the purchase, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Herrera sold 6,336 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. The trade was 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 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.