Meridian Investment Counsel Inc. Has $528,000 Stake in Travel + Leisure Co. (NYSE:TNL)

Meridian Investment Counsel Inc. reduced its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,460 shares of the company’s stock after selling 2,180 shares during the period. Meridian Investment Counsel Inc.’s holdings in Travel + Leisure were worth $528,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp bought a new stake in shares of Travel + Leisure during the 4th quarter valued at about $25,000. Versant Capital Management Inc boosted 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 buying an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after buying an additional 503 shares during the period. UMB Bank n.a. grew its position 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 buying an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after acquiring an additional 181 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the transaction, the director now owns 2,759 shares of the company’s stock, valued at $129,121.20. The trade was a 69.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Dean Brown acquired 2,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the transaction, 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 position. The disclosure for this purchase can be found here. 4.02% of the stock is owned by insiders.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $46.40 on Monday. The stock has a market capitalization of $3.09 billion, a P/E ratio of 7.95, a P/E/G ratio of 0.67 and a beta of 1.61. The stock’s 50-day simple moving average is $52.99 and its 200 day simple moving average is $50.99. Travel + Leisure Co. has a 52-week low of $39.91 and a 52-week high of $58.95.

Travel + Leisure (NYSE:TNL) last issued 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 business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 EPS. Equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS 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 given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Monday, March 17th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is 38.36%.

Analyst Upgrades and Downgrades

TNL has been the subject of a number of research analyst reports. Tigress Financial boosted their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Morgan Stanley assumed coverage on Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective for the company. JPMorgan Chase & Co. increased their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. The Goldman Sachs Group boosted their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and raised their price objective for the company from $40.00 to $60.00 in a research note 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 issued a buy rating to the company. According to MarketBeat.com, Travel + Leisure has an average rating of “Moderate Buy” and a consensus target price of $63.70.

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.