Fox Run Management L.L.C. Purchases Shares of 14,162 Travel + Leisure Co. (NYSE:TNL)

Fox Run Management L.L.C. purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,162 shares of the company's stock, valued at approximately $714,000.

A number of other institutional investors have also recently added to or reduced their stakes in TNL. Jones Financial Companies Lllp purchased a new stake in shares of Travel + Leisure during the fourth quarter worth about $25,000. Versant Capital Management Inc increased its holdings in 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 during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Travel + Leisure by 314.4% in the 4th 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 in the last quarter. UMB Bank n.a. boosted its stake in shares of 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 buying an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TNL. JPMorgan Chase & Co. increased their price objective on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. 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 target for the company. Barclays increased their target price on Travel + Leisure from $48.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. The Goldman Sachs Group lifted their target price on Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Finally, Mizuho reissued a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $63.70.

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Travel + Leisure Stock Performance

Shares of NYSE:TNL traded down $0.84 during trading hours on Friday, hitting $46.40. The stock had a trading volume of 632,503 shares, compared to its average volume of 607,173. The stock's fifty day simple moving average is $52.99 and its 200 day simple moving average is $50.86. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 1-year low of $39.91 and a 1-year high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted 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 negative return on equity of 45.75% and a net margin of 10.63%. The firm had revenue of $971.00 million for the quarter, compared to analysts' expectations of $958.87 million. During the same period last year, the firm earned $1.98 EPS. The firm's revenue was up 3.9% compared to the same quarter last year. As a group, research analysts anticipate 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. Investors of record on Monday, March 17th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio is currently 38.36%.

Insider Buying and Selling at Travel + Leisure

In other news, insider Michael Dean Brown bought 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the completion of the purchase, the insider now directly owns 408,706 shares of the company's stock, valued at $19,070,221.96. This represents a 0.49 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the transaction, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is owned by corporate insiders.

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.