Travel + Leisure (NYSE:TNL) Insider Michael Dean Brown Sells 200 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 200 shares of Travel + Leisure stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $79.00, for a total transaction of $15,800.00. Following the transaction, the insider owned 487,303 shares of the company’s stock, valued at $38,496,937. The trade was a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Travel + Leisure Stock Down 4.3%

Shares of TNL opened at $73.38 on Tuesday. The stock has a market cap of $4.49 billion, a P/E ratio of 20.05, a P/E/G ratio of 0.52 and a beta of 1.17. The business’s 50 day moving average price is $74.88 and its 200-day moving average price is $71.93. Travel + Leisure Co. has a 52 week low of $57.78 and a 52 week high of $81.00.

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 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 company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $1.65 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Travel + Leisure Co. will post 7.68 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 16th. Travel + Leisure’s payout ratio is currently 65.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Travel + Leisure during the 4th quarter valued at $2,231,000. Louisiana State Employees Retirement System bought a new position in Travel + Leisure in the 1st quarter worth $1,294,000. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Travel + Leisure by 22.3% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 199,224 shares of the company’s stock worth $14,051,000 after purchasing an additional 36,308 shares during the period. LSV Asset Management lifted its position in Travel + Leisure by 1.1% during the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after purchasing an additional 17,377 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in Travel + Leisure during the fourth quarter valued at about $2,829,000. Institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on TNL shares. The Goldman Sachs Group raised shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Monday, June 1st. Zacks Research upgraded shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating 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 report on Thursday, July 23rd. Barclays raised their price target on shares of Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley upped their price objective on Travel + Leisure from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price 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.