Travel + Leisure (NYSE:TNL) Insider Sells $1,964,760.00 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Kimberly Marshall sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $70.17, for a total value of $1,964,760.00. Following the completion of the transaction, the insider directly owned 33,191 shares in the company, valued at approximately $2,329,012.47. This represents a 45.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Travel + Leisure Price Performance

NYSE:TNL opened at $71.19 on Thursday. Travel + Leisure Co. has a 1 year low of $47.61 and a 1 year high of $81.00. The stock’s 50 day simple moving average is $69.00 and its two-hundred day simple moving average is $70.58. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 0.55 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The business had revenue of $961.00 million for the quarter, compared to the consensus estimate of $954.81 million. During the same quarter in the previous year, the company posted $1.11 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. As a group, analysts anticipate that Travel + Leisure Co. will post 7.46 EPS for the current year.

Travel + Leisure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a yield of 3.4%. Travel + Leisure’s payout ratio is presently 67.42%.

Hedge Funds Weigh In On Travel + Leisure

Several large investors have recently modified their holdings of TNL. Invesco Ltd. increased its stake in Travel + Leisure by 4.2% in the fourth quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock worth $256,211,000 after purchasing an additional 146,484 shares during the period. AQR Capital Management LLC lifted its position in shares of Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after purchasing an additional 855,151 shares during the last quarter. LSV Asset Management lifted its position in shares of Travel + Leisure by 1.1% during the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock worth $113,741,000 after purchasing an additional 17,377 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Travel + Leisure by 21.7% during the first quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock worth $90,329,000 after purchasing an additional 232,711 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Travel + Leisure by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock worth $85,281,000 after purchasing an additional 10,137 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on TNL. Stifel Nicolaus set a $89.00 price objective on Travel + Leisure in a research note on Wednesday, February 18th. Barclays reduced their price objective on Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 23rd. The Goldman Sachs Group raised Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $90.00 target price on shares of Travel + Leisure in a research report on Friday, February 20th. Finally, Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.40.

Travel + Leisure Company Profile

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.