Travel + Leisure Co. $TNL Stock Holdings Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 15.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 354,598 shares of the company’s stock after acquiring an additional 47,170 shares during the quarter. JPMorgan Chase & Co. owned 0.55% of Travel + Leisure worth $21,096,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of Travel + Leisure by 231.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock valued at $41,143,000 after purchasing an additional 482,731 shares during the period. Compass Wealth Management LLC purchased a new position in Travel + Leisure in the 3rd quarter worth about $1,707,000. ING Groep NV raised its holdings in Travel + Leisure by 115.0% during the 3rd quarter. ING Groep NV now owns 63,000 shares of the company’s stock worth $3,748,000 after buying an additional 33,700 shares during the period. Jupiter Asset Management Ltd. lifted its stake in Travel + Leisure by 13,198.4% during the third quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock valued at $30,996,000 after buying an additional 517,113 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co purchased a new stake in Travel + Leisure during the third quarter valued at about $1,563,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Weiss Ratings downgraded shares of Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and issued a $85.00 price objective on shares of Travel + Leisure in a research note on Wednesday, February 18th. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Finally, Wells Fargo & Company increased their target price on Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and an average target price of $85.90.

Travel + Leisure Price Performance

Shares of TNL opened at $70.68 on Wednesday. The business’s 50-day moving average is $72.07 and its 200-day moving average is $67.90. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 0.54 and a beta of 1.32. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $81.00.

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

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be paid a dividend of $0.60 per share. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.4%. Travel + Leisure’s dividend payout ratio (DPR) is 70.38%.

Insider Activity

In other news, Director George Herrera sold 1,748 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $70.31, for a total value of $122,901.88. Following the transaction, the director directly owned 1,853 shares of the company’s stock, valued at approximately $130,284.43. This represents a 48.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Amandine Robin-Caplan sold 3,904 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $74.61, for a total value of $291,277.44. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 99,664 shares of company stock worth $7,390,847 in the last ninety days. Corporate insiders own 3.75% of the company’s stock.

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.