US Bancorp DE Boosts Stock Position in Travel + Leisure Co. (NYSE:TNL)

US Bancorp DE boosted its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,707 shares of the company’s stock after purchasing an additional 1,199 shares during the period. US Bancorp DE’s holdings in Travel + Leisure were worth $1,196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. QRG Capital Management Inc. boosted its stake in shares of Travel + Leisure by 5.4% during the 4th quarter. QRG Capital Management Inc. now owns 19,849 shares of the company’s stock valued at $1,001,000 after purchasing an additional 1,023 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Travel + Leisure during the 4th quarter worth approximately $1,570,000. Bank of New York Mellon Corp raised its position in shares of Travel + Leisure by 5.3% in the 4th quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company’s stock worth $45,691,000 after acquiring an additional 45,447 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Travel + Leisure by 3.0% in the 4th quarter. Handelsbanken Fonder AB now owns 17,300 shares of the company’s stock valued at $873,000 after purchasing an additional 500 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of Travel + Leisure by 170.3% during the fourth quarter. Ieq Capital LLC now owns 14,832 shares of the company’s stock valued at $748,000 after purchasing an additional 9,345 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on TNL shares. Barclays increased their price objective on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Tigress Financial increased their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. 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 objective on the stock. Finally, Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their target price for the company from $40.00 to $60.00 in a report on Monday, January 27th. 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 company. According to data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and an average price target of $63.70.

Travel + Leisure Stock Up 0.2 %

Shares of TNL opened at $53.61 on Monday. Travel + Leisure Co. has a twelve month low of $39.91 and a twelve month high of $58.95. The company has a market capitalization of $3.58 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. The firm has a 50 day moving average of $53.86 and a 200 day moving average of $50.50.

Travel + Leisure (NYSE:TNL) last posted its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 EPS. On average, sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.56 per share. The ex-dividend date is Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 4.18%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio is currently 34.25%.

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.