Travel + Leisure (NYSE:TNL) Insider Sells $1,964,760.00 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Kimberly Marshall sold 28,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the sale, the insider directly owned 33,191 shares of the company’s stock, valued at $2,329,012.47. This represents a 45.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Travel + Leisure Stock Down 0.7%

Shares of NYSE TNL traded down $0.50 during trading on Monday, hitting $71.20. 1,344,315 shares of the company traded hands, compared to its average volume of 765,829. Travel + Leisure Co. has a 1 year low of $47.61 and a 1 year high of $81.00. The company has a 50-day moving average price of $68.81 and a 200-day moving average price of $70.37. The firm has a market capitalization of $4.44 billion, a P/E ratio of 20.00, a P/E/G ratio of 0.55 and a beta of 1.17.

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

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, June 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.4%. Travel + Leisure’s payout ratio is presently 67.42%.

Hedge Funds Weigh In On Travel + Leisure

A number of institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Travel + Leisure by 4.2% in the 4th quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock worth $256,211,000 after buying an additional 146,484 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Travel + Leisure by 46.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after buying an additional 855,151 shares in the last quarter. LSV Asset Management lifted its holdings in Travel + Leisure by 1.1% in the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock worth $113,741,000 after buying an additional 17,377 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Travel + Leisure by 21.7% in the 1st quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock worth $90,329,000 after buying an additional 232,711 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Travel + Leisure by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock worth $85,281,000 after buying an additional 10,137 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays reduced their target price on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Stifel Nicolaus set a $89.00 target price on shares of Travel + Leisure in a report on Wednesday, February 18th. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings upgraded shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, April 24th. Finally, Wells Fargo & Company reduced their target price on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.40.

Travel + Leisure Company Profile

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.