Atlas Capital Advisors Inc. Grows Stake in Travel + Leisure Co. (NYSE:TNL)

Atlas Capital Advisors Inc. grew its stake in Travel + Leisure Co. (NYSE:TNL) by 1,141.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 11,765 shares of the company’s stock after purchasing an additional 10,817 shares during the period. Atlas Capital Advisors Inc.’s holdings in Travel + Leisure were worth $594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TNL. Jones Financial Companies Lllp bought a new stake in Travel + Leisure in the fourth quarter worth $25,000. Versant Capital Management Inc lifted its holdings in shares of Travel + Leisure by 49.2% in 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. MassMutual Private Wealth & Trust FSB boosted its stake 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 purchasing an additional 503 shares during the period. UMB Bank n.a. grew its holdings in Travel + Leisure by 36.9% during the 4th quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Travel + Leisure by 30.6% in the 4th 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. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

NYSE:TNL opened at $40.96 on Friday. The firm has a market cap of $2.73 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40. The company has a 50-day moving average of $52.17 and a 200 day moving average of $50.96. Travel + Leisure Co. has a 1-year low of $39.80 and a 1-year high of $58.95.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million for 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 quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.98 earnings per share. Sell-side analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.56 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.47%. Travel + Leisure’s dividend payout ratio (DPR) is currently 38.36%.

Insider Transactions at Travel + Leisure

In other news, insider Michael Dean Brown acquired 2,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Herrera sold 6,336 shares of the business’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 transaction, the director now owns 2,759 shares of the company’s stock, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TNL. Mizuho reaffirmed a “neutral” rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Truist Financial upped their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Tigress Financial raised their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, Morgan Stanley began coverage on shares of Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $63.70.

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.