Ranmore Fund Management Ltd Purchases Shares of 35,363 Travel + Leisure Co. (NYSE:TNL)

Ranmore Fund Management Ltd purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,363 shares of the company's stock, valued at approximately $1,784,000. Travel + Leisure accounts for approximately 1.7% of Ranmore Fund Management Ltd's portfolio, making the stock its 14th largest position. Ranmore Fund Management Ltd owned 0.05% of Travel + Leisure at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in shares of 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 last quarter. Cerity Partners LLC raised its holdings in Travel + Leisure by 1.0% in the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after buying an additional 200 shares during the last quarter. UMB Bank n.a. lifted 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 worth $38,000 after buying an additional 204 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Travel + Leisure by 49.2% during the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after buying an additional 210 shares during the last quarter. Finally, Hourglass Capital LLC increased its position in shares of Travel + Leisure by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock valued at $1,828,000 after acquiring an additional 230 shares in the last quarter. Institutional investors own 87.54% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America upgraded Travel + Leisure from an "underperform" rating to a "buy" rating and increased their target price for the company from $40.00 to $60.00 in a research note on Monday, January 27th. Mizuho restated 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. JPMorgan Chase & Co. lifted their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Barclays increased their price objective 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. Finally, Morgan Stanley began coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They issued an "overweight" rating and a $67.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $63.70.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the 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 completion of the sale, the director now directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael Dean Brown bought 2,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $46.66 per share, with a total value of $93,320.00. Following the transaction, the insider now owns 408,706 shares of the company's stock, valued at $19,070,221.96. The trade was 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 Stock Performance

Shares of TNL stock traded up $0.17 during mid-day trading on Friday, reaching $41.37. 835,614 shares of the company's stock traded hands, compared to its average volume of 620,901. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The firm has a 50 day moving average price of $50.26 and a two-hundred day moving average price of $50.80. The firm has a market capitalization of $2.76 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (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 business had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same quarter in the previous year, the company posted $1.98 earnings per share. Travel + Leisure's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.56 dividend. This is a positive change 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 5.41%. The ex-dividend date was Monday, March 17th. Travel + Leisure's dividend payout ratio is presently 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.