Travel + Leisure (NYSE:TNL) Director Denny Marie Post Sells 2,500 Shares

Travel + Leisure Co. (NYSE:TNL) Director Denny Marie Post sold 2,500 shares of Travel + Leisure stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $63.83, for a total transaction of $159,575.00. Following the completion of the sale, the director owned 1,977 shares in the company, valued at $126,191.91. This trade represents a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Travel + Leisure Trading Down 1.0%

Shares of NYSE TNL traded down $0.65 during midday trading on Friday, reaching $62.93. The company’s stock had a trading volume of 274,433 shares, compared to its average volume of 735,808. Travel + Leisure Co. has a fifty-two week low of $46.75 and a fifty-two week high of $81.00. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 0.48 and a beta of 1.17. The stock has a 50 day simple moving average of $70.10 and a 200-day simple moving average of $69.96.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The company had revenue of $961.00 million for the quarter, compared to the consensus estimate of $954.81 million. During the same period last year, the company earned $1.11 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts anticipate that Travel + Leisure Co. will post 7.46 EPS for the current year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were paid a $0.60 dividend. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is 67.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $90.00 target price on shares of Travel + Leisure in a research note on Friday, February 20th. Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Barclays decreased their target price on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Morgan Stanley decreased their target price on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Hedge Funds Weigh In On Travel + Leisure

Several large investors have recently modified their holdings of TNL. Danske Bank A S acquired a new stake in shares of Travel + Leisure during the 3rd quarter worth about $30,000. CNB Bank acquired a new stake in shares of Travel + Leisure during the 3rd quarter worth about $32,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Travel + Leisure during the 4th quarter worth about $43,000. Assetmark Inc. lifted its stake in shares of Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after buying an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the last quarter. 87.54% of the stock is owned by institutional investors.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.