Atlas Capital Advisors Inc. Purchases 10,817 Shares of Travel + Leisure Co. (NYSE:TNL)

Atlas Capital Advisors Inc. lifted its position in shares of Travel + Leisure Co. (NYSE:TNL) by 1,141.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,765 shares of the company’s stock after acquiring an additional 10,817 shares during the period. Atlas Capital Advisors Inc.’s holdings in Travel + Leisure were worth $594,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC purchased a new position in shares of Travel + Leisure in the third quarter worth $892,000. FMR LLC increased its holdings in Travel + Leisure by 28.5% in the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after buying an additional 58,008 shares in the last quarter. Captrust Financial Advisors purchased a new position in Travel + Leisure in the 3rd quarter worth about $224,000. Verition Fund Management LLC lifted its stake in Travel + Leisure by 207.6% during the 3rd quarter. Verition Fund Management LLC now owns 38,250 shares of the company’s stock valued at $1,763,000 after acquiring an additional 25,815 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Travel + Leisure by 18.8% during the 3rd quarter. Janus Henderson Group PLC now owns 34,730 shares of the company’s stock valued at $1,600,000 after acquiring an additional 5,503 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Travel + Leisure 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 value of $296,524.80. Following the completion of the transaction, the director now directly owns 2,759 shares in the company, valued at $129,121.20. This represents a 69.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Dean Brown acquired 2,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Company insiders own 4.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TNL. Tigress Financial increased their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Barclays increased their price target on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. lifted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Bank of America raised Travel + Leisure from an “underperform” rating to a “buy” rating and increased their target price for the company from $40.00 to $60.00 in a report on Monday, January 27th. Finally, The Goldman Sachs Group boosted their price target on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research note 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, Travel + Leisure has an average rating of “Moderate Buy” and an average price target of $63.70.

Travel + Leisure Stock Down 4.4 %

TNL stock opened at $40.96 on Friday. The business’s 50-day moving average price is $52.17 and its 200-day moving average price is $50.96. The stock has a market cap of $2.73 billion, a P/E ratio of 7.01, a PEG ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a twelve month low of $39.80 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share 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 net margin of 10.63% and a negative return on equity of 45.75%. The company’s 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, equities research analysts expect 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 was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.56 per share. The ex-dividend date was Monday, March 17th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a yield of 5.47%. Travel + Leisure’s dividend payout ratio (DPR) is currently 38.36%.

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.