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

Proficio Capital Partners LLC bought a new stake in Travel + Leisure Co. (NYSE:TNL) in the fourth quarter, Holdings Channel reports. The institutional investor bought 31,128 shares of the company’s stock, valued at approximately $1,570,000.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in shares of Travel + Leisure in the fourth quarter valued at $25,000. Versant Capital Management Inc raised its stake in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after purchasing an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock valued at $33,000 after purchasing an additional 503 shares in the last quarter. UMB Bank n.a. raised its stake 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 purchasing an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $47.55 on Friday. The stock’s fifty day moving average is $53.43 and its 200-day moving average is $50.68. The stock has a market capitalization of $3.17 billion, a PE ratio of 8.14, a PEG ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 52 week low of $39.91 and a 52 week high of $58.95.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.68 by $0.04. The company had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.98 earnings per share. As a group, analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.56 dividend. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 17th. This represents a $2.24 annualized dividend and a yield of 4.71%. Travel + Leisure’s dividend payout ratio (DPR) is currently 38.36%.

Insider Activity at Travel + Leisure

In other news, insider Michael Dean Brown purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the acquisition, the insider now directly owns 408,706 shares in the company, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $296,524.80. Following the transaction, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. 4.02% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Barclays upped their target price on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research note on Thursday, February 20th. The Goldman Sachs Group increased their price objective on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Stifel Nicolaus increased their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Finally, Truist Financial increased their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and an average target price of $63.70.

Travel + Leisure 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.