Kendall Capital Management Has $2.61 Million Holdings in Travel + Leisure Co. $TNL

Kendall Capital Management increased its position in Travel + Leisure Co. (NYSE:TNL) by 29.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 36,935 shares of the company’s stock after purchasing an additional 8,400 shares during the period. Kendall Capital Management’s holdings in Travel + Leisure were worth $2,605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Travel + Leisure by 54.9% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,248 shares of the company’s stock valued at $441,000 after purchasing an additional 2,214 shares during the period. Foster & Motley Inc. lifted its holdings in shares of Travel + Leisure by 11.5% in the fourth quarter. Foster & Motley Inc. now owns 175,279 shares of the company’s stock valued at $12,362,000 after purchasing an additional 18,071 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Travel + Leisure by 164.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 21,059 shares of the company’s stock worth $1,485,000 after buying an additional 13,108 shares during the period. Baron Wealth Management LLC purchased a new position in shares of Travel + Leisure during the fourth quarter valued at $340,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Travel + Leisure during the fourth quarter valued at $109,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $71.24 on Friday. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $81.00. The business’s 50-day moving average price is $71.75 and its two-hundred day moving average price is $68.19. The company has a market capitalization of $4.45 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 0.54 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.83. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $1.72 EPS. On average, equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 20th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 3.4%. Travel + Leisure’s payout ratio is 70.38%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TNL. Stifel Nicolaus set a $89.00 price objective on Travel + Leisure in a research note on Wednesday, February 18th. Mizuho set a $107.00 target price on Travel + Leisure in a research note on Thursday, February 19th. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Morgan Stanley raised their price target on shares of Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, The Goldman Sachs Group boosted their price objective on shares of Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $85.90.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown sold 25,938 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $74.85, for a total value of $1,941,459.30. Following the completion of the sale, the insider directly owned 427,821 shares of the company’s stock, valued at $32,022,401.85. The trade was a 5.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Amandine Robin-Caplan sold 3,904 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $74.61, for a total transaction of $291,277.44. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 99,664 shares of company stock worth $7,390,847 over the last ninety days. 3.75% of the stock is currently owned by insiders.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.