Proficio Capital Partners LLC purchased a new position in Travel + Leisure Co. (NYSE:TNL – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,128 shares of the company’s stock, valued at approximately $1,570,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after buying an additional 100,440 shares during the period. FMR LLC raised its holdings in Travel + Leisure by 28.5% during the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock worth $12,054,000 after buying an additional 58,008 shares during the period. Oak Thistle LLC acquired a new stake in Travel + Leisure during the 4th quarter worth about $1,288,000. Captrust Financial Advisors acquired a new stake in Travel + Leisure during the 3rd quarter worth about $224,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Travel + Leisure during the 3rd quarter worth about $1,613,000. 87.54% of the stock is currently owned by institutional investors.
Insider Transactions at Travel + Leisure
In other Travel + Leisure news, insider Michael Dean Brown purchased 2,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost 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 $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Herrera sold 6,336 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.02% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Tigress Financial boosted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Bank of America upgraded Travel + Leisure from an “underperform” rating to a “buy” rating and upped their target price for the company from $40.00 to $60.00 in a report on Monday, January 27th. Barclays upped their target price on Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a report on Thursday, February 20th. 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 report on Tuesday, December 10th. Finally, Truist Financial upped their target price on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Travel + Leisure has an average rating of “Moderate Buy” and an average target price of $63.70.
View Our Latest Analysis on TNL
Travel + Leisure Stock Performance
Shares of NYSE TNL opened at $47.55 on Friday. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.67 and a beta of 1.61. The business has a 50 day simple moving average of $53.43 and a 200 day simple moving average of $50.68. Travel + Leisure Co. has a 52 week low of $39.91 and a 52 week high of $58.95.
Travel + Leisure (NYSE:TNL – Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $971.00 million during 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 company’s revenue 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. On average, analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.56 per share. The ex-dividend date is Monday, March 17th. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.71%. Travel + Leisure’s payout ratio is 38.36%.
About Travel + Leisure
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.
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