Ethic Inc. Grows Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Ethic Inc. grew its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 95.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,530 shares of the company's stock after acquiring an additional 6,121 shares during the period. Ethic Inc.'s holdings in Travel + Leisure were worth $632,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. raised its position in shares of Travel + Leisure by 4.8% in the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock valued at $178,822,000 after buying an additional 163,804 shares in the last quarter. Copeland Capital Management LLC lifted its stake in shares of Travel + Leisure by 0.8% in the 4th quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock valued at $78,984,000 after acquiring an additional 12,111 shares during the last quarter. AQR Capital Management LLC raised its position in Travel + Leisure by 4.3% in the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company's stock valued at $71,358,000 after purchasing an additional 58,944 shares during the last quarter. Northern Trust Corp grew its holdings in Travel + Leisure by 9.6% during the 4th quarter. Northern Trust Corp now owns 1,036,703 shares of the company's stock worth $52,302,000 after acquiring an additional 90,553 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Travel + Leisure by 15.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after purchasing an additional 122,173 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travel + Leisure

In other news, insider Michael Dean Brown bought 2,000 shares of Travel + Leisure stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the acquisition, the insider now owns 408,706 shares of the company's stock, valued at $19,070,221.96. This trade represents a 0.49% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $296,524.80. Following the sale, the director now directly owns 2,759 shares in the company, valued at $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. 3.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TNL shares. Morgan Stanley dropped their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Barclays dropped their price target on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Mizuho restated a "neutral" rating and issued a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and increased their price objective for the company from $40.00 to $60.00 in a report on Monday, January 27th. Finally, The Goldman Sachs Group reduced their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have given 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 $59.20.

Travel + Leisure Trading Down 1.0%

Travel + Leisure stock traded down $0.52 on Tuesday, hitting $50.30. 84,443 shares of the stock traded hands, compared to its average volume of 685,554. The business's fifty day simple moving average is $45.39 and its 200 day simple moving average is $50.64. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95. The firm has a market cap of $3.34 billion, a P/E ratio of 8.61, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. During the same period last year, the business earned $0.97 EPS. Travel + Leisure's revenue was up 2.0% compared to the same quarter last year. As a group, analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date was Monday, March 17th. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's payout ratio is 37.40%.

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.