Brandywine Global Investment Management LLC Sells 11,008 Shares of Travel + Leisure Co. (NYSE:TNL)

Brandywine Global Investment Management LLC lessened its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,480 shares of the company’s stock after selling 11,008 shares during the period. Brandywine Global Investment Management LLC owned 0.35% of Travel + Leisure worth $12,082,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of Travel + Leisure in the 4th quarter worth $25,000. Versant Capital Management Inc lifted its holdings in shares of Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock valued at $32,000 after acquiring an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after acquiring an additional 503 shares in the last quarter. UMB Bank n.a. increased its stake in Travel + Leisure by 36.9% during the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after acquiring an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company’s stock valued at $39,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

TNL stock opened at $46.27 on Tuesday. The business has a 50-day moving average price of $52.87 and a 200 day moving average price of $51.02. Travel + Leisure Co. has a 1-year low of $39.91 and a 1-year high of $58.95. The company has a market capitalization of $3.09 billion, a P/E ratio of 7.92, a PEG ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping 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 firm had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter last year, the firm earned $1.98 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, 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. Investors of record on Monday, March 17th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 4.84%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. Travel + Leisure’s dividend payout ratio (DPR) is currently 38.36%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Bank of America upgraded shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Mizuho reaffirmed a “neutral” rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Tigress Financial raised their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, March 6th. Finally, Truist Financial increased their price target on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, March 7th. One investment 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.70.

Insider Activity

In other news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Dean Brown acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the acquisition, the insider now directly owns 408,706 shares of the company’s stock, valued at $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.02% of the company’s stock.

Travel + Leisure 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.