Federated Hermes Inc. Has $2.81 Million Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Federated Hermes Inc. lessened its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 10.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 71,826 shares of the company’s stock after selling 8,548 shares during the period. Federated Hermes Inc.’s holdings in Travel + Leisure were worth $2,808,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Travel + Leisure by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company’s stock worth $376,691,000 after acquiring an additional 322,624 shares during the period. AQR Capital Management LLC grew its holdings in shares of Travel + Leisure by 34.7% in the 3rd quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock valued at $63,830,000 after buying an additional 447,938 shares during the period. Copeland Capital Management LLC grew its holdings in shares of Travel + Leisure by 0.6% in the 3rd quarter. Copeland Capital Management LLC now owns 1,543,199 shares of the company’s stock valued at $56,682,000 after buying an additional 8,699 shares during the period. LSV Asset Management grew its holdings in shares of Travel + Leisure by 2.0% in the 3rd quarter. LSV Asset Management now owns 572,309 shares of the company’s stock valued at $21,021,000 after buying an additional 11,400 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Travel + Leisure by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 510,173 shares of the company’s stock valued at $18,739,000 after buying an additional 5,600 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Trading Up 0.3 %

TNL opened at $45.81 on Friday. The stock has a market capitalization of $3.26 billion, a P/E ratio of 8.44, a P/E/G ratio of 1.24 and a beta of 1.63. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.02. The firm’s fifty day simple moving average is $45.62 and its 200 day simple moving average is $40.61.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The firm had revenue of $916.00 million for the quarter, compared to analysts’ expectations of $904.54 million. During the same period in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts predict that Travel + Leisure Co. will post 5.48 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 4.37%. Travel + Leisure’s payout ratio is 36.83%.

Analyst Ratings Changes

TNL has been the subject of several research analyst reports. Mizuho initiated coverage on shares of Travel + Leisure in a report on Tuesday, March 26th. They issued a “neutral” rating and a $55.00 price target for the company. JMP Securities initiated coverage on shares of Travel + Leisure in a report on Tuesday, February 13th. They issued an “outperform” rating and a $50.00 price target for the company. Truist Financial boosted their price target on shares of Travel + Leisure from $59.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Barclays boosted their price target on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Jefferies Financial Group raised shares of Travel + Leisure from a “hold” rating to a “buy” rating and boosted their price objective for the company from $37.00 to $57.00 in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Travel + Leisure presently has an average rating of “Moderate Buy” and an average price target of $54.83.

Insiders Place Their Bets

In other Travel + Leisure news, Director George Herrera sold 2,969 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $45.33, for a total transaction of $134,584.77. Following the sale, the director now directly owns 2,193 shares of the company’s stock, valued at approximately $99,408.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director George Herrera sold 2,969 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $45.33, for a total value of $134,584.77. Following the sale, the director now directly owns 2,193 shares of the company’s stock, valued at approximately $99,408.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider James J. Savina sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total transaction of $677,700.00. Following the completion of the sale, the insider now directly owns 15,860 shares in the company, valued at $716,554.80. The disclosure for this sale can be found here. Insiders have sold 28,922 shares of company stock valued at $1,318,358 in the last three months. 4.02% of the stock is currently owned by corporate insiders.

Travel + Leisure Company 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.