Insider Selling: Travel + Leisure (NYSE:TNL) Insider Sells $15,800.00 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 200 shares of Travel + Leisure stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $79.00, for a total transaction of $15,800.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Travel + Leisure Stock Up 1.0%

TNL opened at $74.58 on Thursday. The stock has a market cap of $4.56 billion, a PE ratio of 20.38, a P/E/G ratio of 0.50 and a beta of 1.17. Travel + Leisure Co. has a 52 week low of $57.86 and a 52 week high of $81.00. The business’s fifty day simple moving average is $75.02 and its 200 day simple moving average is $71.97.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the business posted $1.65 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities analysts anticipate that Travel + Leisure Co. will post 7.68 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently disclosed 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 dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio (DPR) is currently 65.57%.

Institutional Investors Weigh In On Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Baron Wealth Management LLC increased its stake in shares of Travel + Leisure by 2.8% in the first quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock worth $343,000 after buying an additional 133 shares during the period. Diversified Trust Co raised its holdings in Travel + Leisure by 0.7% during the 1st quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock valued at $1,342,000 after buying an additional 137 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Travel + Leisure by 2.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,790 shares of the company’s stock valued at $408,000 after buying an additional 148 shares during the period. Evolve Private Wealth LLC boosted its position in Travel + Leisure by 1.7% during the 1st quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock valued at $641,000 after buying an additional 156 shares during the period. Finally, Geneos Wealth Management Inc. grew its holdings in Travel + Leisure by 19.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

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

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.