Insider Selling: Travel + Leisure (NYSE:TNL) Insider Sells $90,558.00 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 1,404 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The shares were sold at an average price of $64.50, for a total value of $90,558.00. Following the transaction, the insider owned 139,615 shares of the company’s stock, valued at $9,005,167.50. This represents a 1.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Geoffrey Richards also recently made the following trade(s):

• On Friday, July 25th, Geoffrey Richards sold 124,454 shares of Travel + Leisure stock. The shares were sold at an average price of $62.56, for a total value of $7,785,842.24.

Travel + Leisure Stock Performance

Shares of Travel + Leisure stock opened at $65.21 on Friday. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 0.63 and a beta of 1.47. The stock has a 50 day moving average price of $61.47 and a 200-day moving average price of $54.90. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $70.43.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.08. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 EPS. Sell-side analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were issued a dividend of $0.56 per share. The ex-dividend date was Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a yield of 3.4%. Travel + Leisure’s payout ratio is presently 36.84%.

Analyst Ratings Changes

A number of research firms recently issued reports on TNL. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a report on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Travel + Leisure in a report on Friday. Mizuho set a $86.00 price objective on Travel + Leisure in a report on Wednesday. Morgan Stanley set a $68.00 price objective on Travel + Leisure in a report on Wednesday. Finally, Wall Street Zen cut Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.90.

Institutional Investors Weigh In On Travel + Leisure

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Oliver Luxxe Assets LLC raised its position in Travel + Leisure by 1.3% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 43,244 shares of the company’s stock valued at $2,573,000 after purchasing an additional 554 shares in the last quarter. State of Alaska Department of Revenue raised its position in Travel + Leisure by 42.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,600 shares of the company’s stock valued at $630,000 after purchasing an additional 3,144 shares in the last quarter. Foster & Motley Inc. raised its position in Travel + Leisure by 9.1% during the 3rd quarter. Foster & Motley Inc. now owns 157,208 shares of the company’s stock valued at $9,352,000 after purchasing an additional 13,117 shares in the last quarter. Venturi Wealth Management LLC raised its position in Travel + Leisure by 16.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 8,781 shares of the company’s stock valued at $522,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Travel + Leisure in the 3rd quarter worth $209,000. 87.54% of the stock is owned by institutional investors.

About Travel + Leisure

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.