Travel + Leisure (NYSE:TNL) Insider Sells 200 Shares

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 200 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $79.00, for a total value of $15,800.00. Following the transaction, the insider directly owned 487,303 shares of the company’s stock, valued at $38,496,937. This represents a 0.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Travel + Leisure Stock Down 4.3%

Travel + Leisure stock traded down $3.32 during midday trading on Monday, hitting $73.38. The company’s stock had a trading volume of 697,154 shares, compared to its average volume of 773,723. The stock’s 50-day moving average price is $74.79 and its 200-day moving average price is $71.91. Travel + Leisure Co. has a 12 month low of $57.78 and a 12 month high of $81.00. The company has a market capitalization of $4.49 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 0.52 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, meeting the consensus estimate of $1.88. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 EPS. As a group, equities analysts anticipate that Travel + Leisure Co. will post 7.68 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio (DPR) is presently 65.57%.

Institutional Investors Weigh In On Travel + Leisure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC acquired a new position in shares of Travel + Leisure in the second quarter worth $1,650,000. Robotti Robert purchased a new stake in shares of Travel + Leisure during the 2nd quarter worth about $9,327,000. Diversify Advisory Services LLC acquired a new stake in shares of Travel + Leisure during the 2nd quarter valued at about $710,000. Foster & Motley Inc. bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at approximately $14,629,000. Finally, BlackRock Inc. bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at approximately $543,957,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on TNL shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a report on Tuesday, July 21st. Wells Fargo & Company raised their price objective on Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Barclays lifted their target price on Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Finally, Mizuho upped their target price on Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Travel + Leisure presently has a consensus rating of “Buy” and an average price target of $86.90.

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.