Aristides Capital LLC Grows Position in Travel + Leisure Co. (NYSE:TNL)

Aristides Capital LLC increased its position in Travel + Leisure Co. (NYSE:TNL) by 21.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,268 shares of the company’s stock after purchasing an additional 1,100 shares during the period. Aristides Capital LLC’s holdings in Travel + Leisure were worth $316,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TNL. Barclays PLC increased its stake in shares of Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after acquiring an additional 100,440 shares in the last quarter. FMR LLC increased its holdings in shares of Travel + Leisure by 28.5% during the third quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after acquiring an additional 58,008 shares in the last quarter. Oak Thistle LLC bought a new position in Travel + Leisure in the 4th quarter worth about $1,288,000. Amundi grew its position in Travel + Leisure by 22.8% during the 4th quarter. Amundi now owns 5,940 shares of the company’s stock valued at $302,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in Travel + Leisure during the 3rd quarter valued at about $224,000. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Trading Down 4.4 %

Shares of TNL stock opened at $40.96 on Monday. Travel + Leisure Co. has a 12 month low of $39.80 and a 12 month high of $58.95. The stock has a market cap of $2.73 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.67 and a beta of 1.40. The company has a 50 day simple moving average of $52.17 and a two-hundred day simple moving average of $51.08.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. Travel + Leisure’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 EPS. As a group, equities analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.56 per share. 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 dividend yield of 5.47%. The ex-dividend date was Monday, March 17th. Travel + Leisure’s payout ratio is presently 38.36%.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 6,336 shares of the company’s stock in a transaction 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 approximately $129,121.20. This represents a 69.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael Dean Brown purchased 2,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now owns 408,706 shares of the company’s stock, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Mizuho reiterated a “neutral” rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Morgan Stanley initiated coverage on shares of Travel + Leisure in a report on Monday, January 6th. They set an “overweight” rating and a $67.00 price target on the stock. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $60.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. 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 company’s stock. Based on data from MarketBeat, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average target price of $63.70.

About Travel + Leisure

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.