Vista Investment Partners LLC Makes New $2.13 Million Investment in Travel + Leisure Co. (NYSE:TNL)

Vista Investment Partners LLC purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 45,957 shares of the company's stock, valued at approximately $2,127,000. Vista Investment Partners LLC owned 0.07% of Travel + Leisure as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TNL. Jones Financial Companies Lllp purchased a new position in Travel + Leisure in the 4th quarter valued at $25,000. Natixis acquired a new position in shares of Travel + Leisure during the fourth quarter worth about $37,000. Smartleaf Asset Management LLC raised its holdings in Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after purchasing an additional 181 shares in the last quarter. UMB Bank n.a. raised its holdings in Travel + Leisure by 54.0% during the first quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after purchasing an additional 409 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Travel + Leisure by 333.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock worth $66,000 after purchasing an additional 1,000 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

Shares of TNL stock traded up $0.11 on Friday, hitting $48.99. The stock had a trading volume of 1,440,172 shares, compared to its average volume of 647,037. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $58.95. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 0.47 and a beta of 1.37. The stock's 50 day moving average is $47.08 and its 200-day moving average is $49.92.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.01. Travel + Leisure had a negative return on equity of 46.83% and a net margin of 10.77%. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. During the same period last year, the firm earned $0.97 earnings per share. The company's revenue was up 2.0% on a year-over-year basis. Equities analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a yield of 4.57%. Travel + Leisure's dividend payout ratio (DPR) is 37.40%.

Insiders Place Their Bets

In other news, Director Denny Marie Post sold 5,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $50.20, for a total transaction of $276,100.00. Following the transaction, the director now owns 4,477 shares of the company's stock, valued at approximately $224,745.40. This trade represents a 55.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.75% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TNL shares. Tigress Financial raised their price target on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Truist Financial boosted their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Morgan Stanley reduced their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Mizuho reissued a "neutral" rating and set a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Finally, The Goldman Sachs Group dropped their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Travel + Leisure currently has an average rating of "Moderate Buy" and an average target price of $59.20.

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.