Kimberly Marshall Sells 32,691 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Kimberly Marshall sold 32,691 shares of Travel + Leisure stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total transaction of $2,451,825.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kimberly Marshall also recently made the following trade(s):

• On Thursday, June 4th, Kimberly Marshall sold 28,000 shares of Travel + Leisure stock. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00.

Travel + Leisure Stock Down 0.9%

Shares of NYSE TNL opened at $77.71 on Thursday. The firm has a market cap of $4.76 billion, a PE ratio of 21.23, a P/E/G ratio of 0.59 and a beta of 1.16. Travel + Leisure Co. has a 12-month low of $56.66 and a 12-month high of $81.00. The company’s fifty day simple moving average is $73.38 and its 200 day simple moving average is $71.75.

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

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.60 dividend. The ex-dividend date was Friday, June 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Travel + Leisure’s dividend payout ratio (DPR) is currently 65.57%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TNL. Morgan Stanley boosted their target price on Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Wells Fargo & Company raised their price objective on Travel + Leisure from $87.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Travel + Leisure in a report on Tuesday, July 21st. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research raised Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $86.90.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Swiss Life Asset Management Ltd boosted its position in shares of Travel + Leisure by 6.0% during the second quarter. Swiss Life Asset Management Ltd now owns 4,229 shares of the company’s stock valued at $323,000 after buying an additional 241 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in Travel + Leisure by 3.9% during the second quarter. Baker Avenue Asset Management LP now owns 127,667 shares of the company’s stock worth $9,758,000 after buying an additional 4,828 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Travel + Leisure by 360.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 14,004 shares of the company’s stock valued at $1,070,000 after buying an additional 10,964 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in Travel + Leisure by 413.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after acquiring an additional 372 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Travel + Leisure by 4.7% during the 1st quarter. Bank of America Corp DE now owns 204,503 shares of the company’s stock valued at $14,150,000 after acquiring an additional 9,193 shares in the last quarter. Institutional investors own 87.54% of the company’s stock.

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.