Inceptionr LLC Acquires Shares of 12,246 Travel + Leisure Co. (NYSE:TNL)

Inceptionr LLC purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 12,246 shares of the company’s stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after acquiring an additional 181 shares during the period. UMB Bank n.a. lifted its holdings in shares of Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after acquiring an additional 204 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after acquiring an additional 210 shares during the period. Hourglass Capital LLC lifted its holdings in shares of Travel + Leisure by 0.6% during the 4th quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock worth $1,828,000 after acquiring an additional 230 shares during the period. Finally, Gries Financial LLC lifted its holdings in shares of Travel + Leisure by 5.5% during the 4th quarter. Gries Financial LLC now owns 5,074 shares of the company’s stock worth $256,000 after acquiring an additional 265 shares during the period. Institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

TNL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Tigress Financial upped their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. The Goldman Sachs Group upped their price objective on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Barclays upped their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $63.70.

Travel + Leisure Stock Performance

TNL stock opened at $53.61 on Friday. The company has a fifty day moving average price of $53.80 and a 200-day moving average price of $50.32. The company has a market capitalization of $3.58 billion, a P/E ratio of 9.18, a PEG ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $58.95.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results 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 firm had revenue of $971.00 million during 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 revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.98 earnings per share. As a group, sell-side analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.24 annualized dividend and a dividend yield of 4.18%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is presently 34.25%.

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.