Travel + Leisure (NYSE:TNL) Insider Michael Dean Brown Sells 4,033 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Brown sold 4,033 shares of Travel + Leisure stock in a transaction on Monday, November 9th. The shares were sold at an average price of $79.02, for a total transaction of $318,687.66. Following the completion of the sale, the insider owned 487,303 shares in the company, valued at $38,506,683.06. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, November 10th, Michael Brown sold 15,943 shares of Travel + Leisure stock. The stock was sold at an average price of $79.81, for a total transaction of $1,272,410.83.

Travel + Leisure Stock Performance

TNL opened at $78.15 on Friday. Travel + Leisure Co. has a 52-week low of $60.34 and a 52-week high of $81.00. The firm has a market capitalization of $4.71 billion, a PE ratio of 21.01, a PEG ratio of 0.78 and a beta of 1.21. The business’s 50-day simple moving average is $67.01 and its 200 day simple moving average is $70.73.

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

Travel + Leisure Announces Dividend

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

Institutional Trading of Travel + Leisure

Several institutional investors have recently added to or reduced their stakes in TNL. Advisors Asset Management Inc. acquired a new position in Travel + Leisure in the 3rd quarter valued at $26,817,000. GW&K Investment Management LLC grew its stake in shares of Travel + Leisure by 38.7% in the third quarter. GW&K Investment Management LLC now owns 46,197 shares of the company’s stock valued at $2,858,000 after acquiring an additional 12,878 shares in the last quarter. Private Wealth Asset Management LLC acquired a new position in shares of Travel + Leisure in the third quarter valued at about $231,000. Private Advisor Group LLC grew its stake in shares of Travel + Leisure by 290.1% in the third quarter. Private Advisor Group LLC now owns 18,173 shares of the company’s stock valued at $1,124,000 after acquiring an additional 13,515 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in Travel + Leisure during the third quarter worth about $11,761,000. 87.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Truist Financial dropped their price target on shares of Travel + Leisure from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Zacks Research raised shares of Travel + Leisure from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Wall Street Zen upgraded Travel + Leisure from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. JPMorgan Chase & Co. upped their price objective on Travel + Leisure from $70.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, October 28th. Finally, The Goldman Sachs Group cut their price objective on Travel + Leisure from $87.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus 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.