Travel + Leisure (NYSE:TNL) Insider Sells $2,552,733.60 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 33,744 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the transaction, the insider owned 1,600 shares of the company’s stock, valued at $121,040. This represents a 95.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Travel + Leisure Stock Performance

Shares of TNL opened at $75.08 on Friday. The business’s 50-day moving average is $73.57 and its two-hundred day moving average is $71.75. The company has a market capitalization of $4.59 billion, a P/E ratio of 20.51, a P/E/G ratio of 0.58 and a beta of 1.16. Travel + Leisure Co. has a fifty-two week low of $56.66 and a fifty-two week high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts forecast that Travel + Leisure Co. will post 7.58 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is currently 65.57%.

Institutional Trading of Travel + Leisure

Several institutional investors have recently modified their holdings of TNL. Royal Bank of Canada lifted its stake in Travel + Leisure by 42.0% in the 1st quarter. Royal Bank of Canada now owns 91,184 shares of the company’s stock valued at $4,222,000 after buying an additional 26,965 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Travel + Leisure in the 1st quarter worth about $396,000. Millennium Management LLC increased its stake in Travel + Leisure by 129.5% during the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company’s stock worth $19,141,000 after buying an additional 233,345 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Travel + Leisure by 97.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 200,286 shares of the company’s stock worth $9,271,000 after buying an additional 98,647 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in shares of Travel + Leisure during the first quarter valued at approximately $206,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

TNL has been the topic of several recent research reports. Citigroup restated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Morgan Stanley lifted their target price on shares of Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Zacks Research raised shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus 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.