Travel + Leisure (NYSE:TNL) Insider Sells $1,272,410.83 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Brown sold 15,943 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $79.81, for a total transaction of $1,272,410.83. Following the transaction, the insider owned 487,303 shares in the company, valued at approximately $38,891,652.43. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Dean Brown also recently made the following trade(s):

• On Monday, November 9th, Michael Brown sold 4,033 shares of Travel + Leisure stock. The shares were sold at an average price of $79.02, for a total transaction of $318,687.66.

Travel + Leisure Stock Down 2.1%

NYSE:TNL traded down $1.67 during trading hours on Thursday, reaching $78.38. 268,784 shares of the company’s stock were exchanged, compared to its average volume of 764,456. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 21.06, a P/E/G ratio of 0.79 and a beta of 1.21. The company has a 50-day moving average of $66.79 and a 200 day moving average of $70.69. Travel + Leisure Co. has a 1-year low of $60.34 and a 1-year high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.05 by $0.16. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 5.66%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business earned $1.80 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Travel + Leisure Co. will post 7.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Friday, December 11th will be given a $0.60 dividend. The ex-dividend date is Friday, December 11th. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. Travel + Leisure’s dividend payout ratio (DPR) is presently 64.52%.

Institutional Trading of Travel + Leisure

Large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC lifted its stake in shares of Travel + Leisure by 3.8% during the 1st quarter. Sanctuary Advisors LLC now owns 5,234 shares of the company’s stock worth $362,000 after purchasing an additional 190 shares during the period. Assetmark Inc. raised its stake in shares of Travel + Leisure by 43.8% in the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after acquiring an additional 191 shares during the period. HUB Investment Partners LLC boosted its position in shares of Travel + Leisure by 3.2% in the second quarter. HUB Investment Partners LLC now owns 7,143 shares of the company’s stock worth $546,000 after buying an additional 220 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in Travel + Leisure by 6.0% in the 2nd quarter. Swiss Life Asset Management Ltd now owns 4,229 shares of the company’s stock worth $323,000 after acquiring an additional 241 shares during the period. Finally, State of Michigan Retirement System grew its holdings in Travel + Leisure by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 15,507 shares of the company’s stock valued at $1,073,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Wall Street Analyst Weigh In

TNL has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating and set a $86.00 target price on shares of Travel + Leisure in a research note on Thursday, October 22nd. Mizuho set a $108.00 price objective on Travel + Leisure in a research report on Wednesday, October 28th. Weiss Ratings lowered shares of Travel + Leisure from a “buy (b-)” rating to a “hold (c)” rating in a research report on Tuesday, November 3rd. Stifel Nicolaus set a $91.00 price target on shares of Travel + Leisure in a research note on Tuesday, October 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of Travel + Leisure from $70.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, October 28th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Travel + Leisure has a consensus rating of “Moderate Buy” and an average target price of $85.25.

Travel + Leisure Company Profile

Travel + Leisure Co. is a leisure travel company focused on vacation ownership, vacation exchange and travel membership services. Its vacation ownership business develops, markets and manages resort-based vacation ownership interests and related products through brands including Club Wyndham, WorldMark and Margaritaville Vacation Club. The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange their stays. Its travel and membership offerings include services designed to help members plan and book vacations.