91,956 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 91,956 shares of the company's stock, valued at approximately $4,639,000. Edgestream Partners L.P. owned approximately 0.13% of Travel + Leisure at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after acquiring an additional 100,440 shares during the period. Versor Investments LP increased its position in shares of Travel + Leisure by 45.4% during the third quarter. Versor Investments LP now owns 40,290 shares of the company's stock worth $1,857,000 after purchasing an additional 12,585 shares in the last quarter. FMR LLC raised its stake in Travel + Leisure by 28.5% in the third quarter. FMR LLC now owns 261,599 shares of the company's stock valued at $12,054,000 after buying an additional 58,008 shares during the last quarter. Oak Thistle LLC purchased a new stake in Travel + Leisure during the 4th quarter worth approximately $1,288,000. Finally, Captrust Financial Advisors purchased a new position in Travel + Leisure in the 3rd quarter worth $224,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Stock Up 1.1 %

Shares of NYSE TNL traded up $0.55 during trading on Wednesday, reaching $48.76. 883,113 shares of the stock were exchanged, compared to its average volume of 578,032. The business's 50-day moving average price is $53.84 and its 200 day moving average price is $50.59. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a twelve month low of $39.91 and a twelve month high of $58.95.

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Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly 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 business had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same period in the previous year, the business posted $1.98 EPS. The company's quarterly revenue was up 3.9% on a year-over-year basis. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 4.59%. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 17th. Travel + Leisure's dividend payout ratio (DPR) is presently 38.36%.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Barclays upped their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday, February 20th. Tigress Financial boosted 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. The Goldman Sachs Group raised 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. Finally, Bank of America upgraded shares of 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 assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Travel + Leisure 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.