Hennion & Walsh Asset Management Inc. Buys 13,108 Shares of Travel + Leisure Co. $TNL

Hennion & Walsh Asset Management Inc. boosted its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 164.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,059 shares of the company’s stock after purchasing an additional 13,108 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Travel + Leisure were worth $1,485,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Danske Bank A S acquired a new stake in Travel + Leisure in the 3rd quarter worth $30,000. CNB Bank acquired a new position in shares of Travel + Leisure during the third quarter valued at about $32,000. CENTRAL TRUST Co raised its position in shares of Travel + Leisure by 181.5% during the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after buying an additional 510 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Travel + Leisure by 13,383.3% in the third quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock valued at $48,000 after buying an additional 803 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Travel + Leisure by 102.2% in the third quarter. Smartleaf Asset Management LLC now owns 835 shares of the company’s stock valued at $51,000 after buying an additional 422 shares during the period. 87.54% of the stock is owned by institutional investors.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $71.38 on Thursday. The firm has a market cap of $4.45 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 0.52 and a beta of 1.32. The firm’s 50-day simple moving average is $71.77 and its 200-day simple moving average is $68.17. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, hitting analysts’ consensus estimates of $1.83. The firm 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 company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.72 earnings per share. On average, equities analysts forecast 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 was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.4%. 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. Travel + Leisure’s payout ratio is currently 70.38%.

Insider Buying and Selling

In other Travel + Leisure news, insider Michael Dean Brown sold 66,860 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $74.03, for a total transaction of $4,949,645.80. Following the completion of the transaction, the insider directly owned 427,821 shares in the company, valued at $31,671,588.63. This represents a 13.52% 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 stock in a transaction on Friday, February 20th. The stock was sold at an average price of $74.61, for a total value of $291,277.44. The SEC filing for this sale provides additional information. Insiders sold 99,664 shares of company stock worth $7,390,847 in the last 90 days. 3.75% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TNL. Citizens Jmp boosted their price target on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a research note on Thursday, February 19th. The Goldman Sachs Group raised their price objective on Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $90.00 target price on shares of Travel + Leisure in a research note on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $85.90.

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.