Hancock Whitney Corp Raises Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Hancock Whitney Corp grew its stake in shares of Travel + Leisure Co. (NYSE:TNL) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,477 shares of the company’s stock after buying an additional 1,690 shares during the period. Hancock Whitney Corp owned 0.07% of Travel + Leisure worth $2,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Travel + Leisure by 1.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 392,299 shares of the company’s stock valued at $19,208,000 after acquiring an additional 7,392 shares in the last quarter. Swedbank AB bought a new stake in shares of Travel + Leisure during the first quarter valued at approximately $33,598,000. Cetera Advisors LLC purchased a new position in shares of Travel + Leisure in the first quarter worth $206,000. Abich Financial Wealth Management LLC boosted its position in shares of Travel + Leisure by 10,344.4% during the first quarter. Abich Financial Wealth Management LLC now owns 940 shares of the company’s stock worth $46,000 after acquiring an additional 931 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in Travel + Leisure during the second quarter valued at $27,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on TNL shares. Tigress Financial boosted their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group boosted their target price on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Truist Financial cut their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, Barclays upped their price objective on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $55.67.

Insiders Place Their Bets

In other Travel + Leisure news, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the transaction, the insider now owns 24,491 shares of the company’s stock, valued at $1,024,703.44. This represents a 11.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George Herrera sold 2,193 shares of Travel + Leisure stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the sale, the director now owns 6,352 shares of the company’s stock, valued at approximately $269,832.96. This trade represents a 25.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,055 shares of company stock valued at $4,544,170 over the last 90 days. Insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $56.30 on Tuesday. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61. The stock has a 50 day moving average price of $48.45 and a 200-day moving average price of $45.69. Travel + Leisure Co. has a one year low of $35.41 and a one year high of $56.91.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. Travel + Leisure’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 earnings per share. Sell-side analysts predict that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is currently 33.96%.

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.