Proficio Capital Partners LLC bought a new stake in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 31,128 shares of the company’s stock, valued at approximately $1,570,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in Travel + Leisure by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company’s stock valued at $45,691,000 after acquiring an additional 45,447 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Travel + Leisure by 3.0% during the 4th quarter. Handelsbanken Fonder AB now owns 17,300 shares of the company’s stock valued at $873,000 after acquiring an additional 500 shares in the last quarter. Ieq Capital LLC raised its stake in Travel + Leisure by 170.3% during the 4th quarter. Ieq Capital LLC now owns 14,832 shares of the company’s stock valued at $748,000 after acquiring an additional 9,345 shares in the last quarter. Private Advisor Group LLC raised its stake in Travel + Leisure by 7.9% during the 4th quarter. Private Advisor Group LLC now owns 10,528 shares of the company’s stock valued at $531,000 after acquiring an additional 773 shares in the last quarter. Finally, Alberta Investment Management Corp raised its stake in shares of Travel + Leisure by 8.8% in the 4th quarter. Alberta Investment Management Corp now owns 36,437 shares of the company’s stock worth $1,838,000 after buying an additional 2,937 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Stock Performance

Shares of TNL stock traded up $0.12 on Friday, reaching $53.61. 731,494 shares of the company’s stock traded hands, compared to its average volume of 569,995. Travel + Leisure Co. has a 12-month low of $39.91 and a 12-month high of $58.95. The company has a market capitalization of $3.58 billion, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. The business’s 50 day moving average price is $53.80 and its two-hundred day moving average price is $50.32.

Travel + Leisure (NYSE:TNL – Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. During the same quarter in the previous year, the company posted $1.98 earnings per share. Travel + Leisure’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share 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. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.18%. Travel + Leisure’s payout ratio is currently 34.25%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays boosted their price objective on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Mizuho reissued a “neutral” rating and issued a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Morgan Stanley assumed coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective on the stock. Finally, The Goldman Sachs Group boosted 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.70.

Get Our Latest Report on TNL

About Travel + Leisure

(Free Report)

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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