Sherbrooke Park Advisers LLC Makes New Investment in Travel + Leisure Co. (NYSE:TNL)

Sherbrooke Park Advisers LLC bought a new position in Travel + Leisure Co. (NYSE:TNL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 16,371 shares of the company’s stock, valued at approximately $826,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Smartleaf Asset Management LLC increased its stake in Travel + Leisure by 30.6% in 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 during the period. Cerity Partners LLC increased its stake in shares of Travel + Leisure by 1.0% during the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company’s stock valued at $986,000 after buying an additional 200 shares during the period. UMB Bank n.a. increased its stake in shares of Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock valued at $38,000 after buying an additional 204 shares during the period. Capital Analysts LLC increased its stake in shares of Travel + Leisure by 16.8% during the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company’s stock valued at $80,000 after buying an additional 227 shares during the period. Finally, Hourglass Capital LLC increased its stake in shares of Travel + Leisure by 0.6% during the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company’s stock valued at $1,828,000 after buying an additional 230 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

Shares of TNL stock opened at $50.69 on Friday. The company has a market cap of $3.37 billion, a P/E ratio of 8.68, a PEG ratio of 0.67 and a beta of 1.41. The stock’s 50-day moving average is $45.29 and its 200 day moving average is $50.58. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.01. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company earned $0.97 earnings per share. On average, analysts anticipate 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 was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 4.42%. The ex-dividend date was Monday, March 17th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is currently 37.40%.

Insiders Place Their Bets

In related news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares of the company’s stock, valued at $129,121.20. The trade was a 69.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Denny Marie Post sold 5,500 shares of Travel + Leisure stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the sale, the director now directly owns 4,477 shares of the company’s stock, valued at $224,745.40. This trade represents a 55.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company’s stock.

Analyst Ratings Changes

TNL has been the topic of several research reports. Truist Financial raised their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Barclays cut their price target on Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Mizuho restated a “neutral” rating and set a $64.00 price target (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. The Goldman Sachs Group cut their price target on Travel + Leisure from $62.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, April 14th. Finally, Tigress Financial raised their price objective on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.