Loomis Sayles & Co. L P Has $15.20 Million Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Loomis Sayles & Co. L P raised its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 301,317 shares of the company’s stock after purchasing an additional 10,265 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Travel + Leisure were worth $15,201,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TNL. Smartleaf Asset Management LLC increased its holdings in Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares during the last quarter. UMB Bank n.a. raised its position in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after acquiring an additional 204 shares during the period. Versant Capital Management Inc boosted its stake in 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 last quarter. Hourglass Capital LLC grew its holdings in Travel + Leisure by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock valued at $1,828,000 after purchasing an additional 230 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in Travel + Leisure by 2.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,944 shares of the company’s stock valued at $451,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Stock Down 1.8 %

NYSE TNL opened at $46.40 on Friday. The firm’s 50 day moving average is $52.99 and its 200-day moving average is $50.86. The company has a market capitalization of $3.09 billion, a PE ratio of 7.95, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 12-month low of $39.91 and a 12-month high of $58.95.

Travel + Leisure (NYSE:TNL) last issued 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. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $958.87 million. During the same period in the previous year, the business earned $1.98 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. As a group, 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. Investors of record on Monday, March 17th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 4.83%. The ex-dividend date is Monday, March 17th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio is presently 38.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TNL shares. Mizuho reissued a “neutral” rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Barclays boosted their target price on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. Morgan Stanley assumed coverage on Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their target price for the stock 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 issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.70.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 6,336 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now owns 2,759 shares in the company, valued at $129,121.20. This represents a 69.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Dean Brown bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the purchase, the insider now directly owns 408,706 shares of the company’s stock, valued at $19,070,221.96. This represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Company 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.