Travel + Leisure (NYSE:TNL) Insider Sells $747,035.73 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 9,443 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $79.11, for a total transaction of $747,035.73. Following the sale, the insider directly owned 487,303 shares in the company, valued at approximately $38,550,540.33. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Thursday, April 16th, Michael Dean Brown sold 1,109 shares of Travel + Leisure stock. The shares were sold at an average price of $79.13, for a total transaction of $87,755.17.
• On Wednesday, April 15th, Michael Dean Brown sold 2,612 shares of Travel + Leisure stock. The shares were sold at an average price of $79.00, for a total transaction of $206,348.00.
• On Tuesday, April 14th, Michael Dean Brown sold 8,910 shares of Travel + Leisure stock. The shares were sold at an average price of $79.02, for a total transaction of $704,068.20.
• On Tuesday, February 24th, Michael Dean Brown sold 25,938 shares of Travel + Leisure stock. The shares were sold at an average price of $74.85, for a total transaction of $1,941,459.30.
• On Monday, February 23rd, Michael Dean Brown sold 66,860 shares of Travel + Leisure stock. The shares were sold at an average price of $74.03, for a total transaction of $4,949,645.80.

Travel + Leisure Price Performance

Travel + Leisure stock traded down $1.01 during trading hours on Monday, hitting $77.32. The company had a trading volume of 930,887 shares, compared to its average volume of 654,389. The firm has a market capitalization of $4.83 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 0.59 and a beta of 1.32. The firm’s fifty day moving average is $72.78 and its 200-day moving average is $69.42. Travel + Leisure Co. has a fifty-two week low of $40.29 and a fifty-two week high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, meeting the consensus estimate of $1.83. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. Analysts anticipate that Travel + Leisure Co. will post 7.41 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 20th. Travel + Leisure’s dividend payout ratio (DPR) is currently 70.38%.

Analysts Set New Price Targets

TNL has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of Travel + Leisure from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Citigroup reaffirmed an “outperform” rating on shares of Travel + Leisure in a research note on Thursday, February 19th. Wall Street Zen raised shares of Travel + Leisure from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. The Goldman Sachs Group upped their price target on shares of Travel + Leisure from $71.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Finally, Weiss Ratings downgraded shares of Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.90.

Hedge Funds Weigh In On Travel + Leisure

Hedge funds have recently bought and sold shares of the business. Danske Bank A S acquired a new position in Travel + Leisure during the third quarter worth $30,000. CNB Bank acquired a new position in Travel + Leisure during the third quarter worth $32,000. N.E.W. Advisory Services LLC acquired a new position in Travel + Leisure during the fourth quarter worth $43,000. CENTRAL TRUST Co increased its position in Travel + Leisure by 181.5% during the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock worth $47,000 after buying an additional 510 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its position in Travel + Leisure by 13,383.3% during the third quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock worth $48,000 after buying an additional 803 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

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.