Federated Hermes Inc. Grows Stake in Travel + Leisure Co. (NYSE:TNL)

Federated Hermes Inc. grew its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 21.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,432 shares of the company’s stock after purchasing an additional 1,637 shares during the quarter. Federated Hermes Inc.’s holdings in Travel + Leisure were worth $476,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in Travel + Leisure by 80.4% during the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after purchasing an additional 100,440 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Travel + Leisure by 168.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company’s stock worth $763,000 after acquiring an additional 10,382 shares during the last quarter. Franklin Resources Inc. lifted its position in Travel + Leisure by 182.9% during the 3rd quarter. Franklin Resources Inc. now owns 51,216 shares of the company’s stock worth $2,337,000 after acquiring an additional 33,111 shares during the period. Versant Capital Management Inc grew its stake in Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after purchasing an additional 210 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Travel + Leisure by 30.7% in the fourth quarter. GAMMA Investing LLC now owns 1,615 shares of the company’s stock worth $81,000 after purchasing an additional 379 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Insider Activity

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the sale, the director now directly owns 2,759 shares in the company, valued at $129,121.20. This represents a 69.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Michael Dean Brown purchased 2,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, with a total value 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.02% of the company’s stock.

Analyst Ratings Changes

A number of equities 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 report on Thursday, February 20th. Tigress Financial raised their target price on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, March 6th. Truist Financial upped their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a report on Friday, March 7th. The Goldman Sachs Group reduced their price objective on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Mizuho reaffirmed a “neutral” rating and set a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.20.

Travel + Leisure Price Performance

NYSE:TNL opened at $41.42 on Friday. The company’s 50-day moving average is $49.08 and its two-hundred day moving average is $50.64. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. During the same period in the prior year, the business posted $1.98 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, equities analysts anticipate 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 was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a boost 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 5.41%. Travel + Leisure’s dividend payout ratio (DPR) is currently 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.