Proficio Capital Partners LLC Makes New Investment in Travel + Leisure Co. (NYSE:TNL)

Proficio Capital Partners LLC purchased a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 31,128 shares of the company's stock, valued at approximately $1,570,000.

A number of other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp purchased a new stake in Travel + Leisure during the 4th quarter worth about $25,000. Versant Capital Management Inc boosted its stake in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after purchasing an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after buying an additional 503 shares in the last quarter. UMB Bank n.a. raised its position 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 valued at $38,000 after buying an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after buying an additional 181 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Trading Up 3.3 %

TNL traded up $1.55 during trading on Monday, hitting $48.73. 792,063 shares of the company's stock were exchanged, compared to its average volume of 577,966. The stock has a 50 day moving average price of $53.37 and a 200 day moving average price of $50.80. Travel + Leisure Co. has a 1 year low of $39.91 and a 1 year high of $58.95. The firm has a market cap of $3.25 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61.

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Travel + Leisure (NYSE:TNL - Get Free Report) last announced 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. The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.98 EPS. 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Monday, March 17th. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio is currently 38.36%.

Insider Buying and Selling at Travel + Leisure

In other news, Director George Herrera sold 6,336 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was 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 in the company, valued at $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Dean Brown purchased 2,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. 4.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on TNL shares. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. The Goldman Sachs Group upped their target price on Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Truist Financial raised their price target on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Barclays upped their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Finally, Mizuho reiterated a "neutral" rating and set a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $63.70.

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.