Everstar Asset Management LLC Has $451,000 Stake in Travel + Leisure Co. (NYSE:TNL)

Everstar Asset Management LLC raised its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 8,931 shares of the company’s stock after purchasing an additional 546 shares during the quarter. Everstar Asset Management LLC’s holdings in Travel + Leisure were worth $451,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TNL. Jones Financial Companies Lllp bought a new position in Travel + Leisure during the fourth quarter valued at about $25,000. Versant Capital Management Inc grew 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 purchasing an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 503 shares during the period. UMB Bank n.a. raised its stake in shares of Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock worth $39,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports 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 note on Thursday, March 6th. Barclays raised their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Morgan Stanley started coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and upped their price target for the company from $40.00 to $60.00 in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.70.

Insider Transactions at Travel + Leisure

In related news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now owns 2,759 shares of the company’s stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Dean Brown bought 2,000 shares of the stock in a transaction 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 purchase, the insider now directly owns 408,706 shares of the company’s stock, 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. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Price Performance

TNL opened at $46.40 on Monday. The firm has a 50 day simple moving average of $52.99 and a 200 day simple moving average of $50.99. Travel + Leisure Co. has a fifty-two week low of $39.91 and a fifty-two week high of $58.95. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 19th. The company reported $1.72 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 company had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter in the previous year, the company posted $1.98 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, 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 issued a dividend of $0.56 per share. The ex-dividend date is Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 4.83%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is 38.36%.

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.