George Herrera Sells 1,214 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 1,214 shares of Travel + Leisure stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $70.48, for a total transaction of $85,562.72. Following the completion of the sale, the director owned 3,601 shares of the company’s stock, valued at approximately $253,798.48. This trade represents a 25.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

George Herrera also recently made the following trade(s):

• On Wednesday, March 18th, George Herrera sold 1,748 shares of Travel + Leisure stock. The shares were sold at an average price of $70.31, for a total transaction of $122,901.88.

Travel + Leisure Price Performance

Shares of TNL stock opened at $70.35 on Friday. The firm has a fifty day moving average of $72.36 and a two-hundred day moving average of $67.68. The firm has a market cap of $4.39 billion, a P/E ratio of 20.63, a P/E/G ratio of 0.53 and a beta of 1.32. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, hitting the consensus estimate of $1.83. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.72 earnings per share. On average, sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $2.40 dividend on an annualized basis and a yield of 3.4%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. Travel + Leisure’s dividend payout ratio (DPR) is 65.69%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Mizuho set a $107.00 price target on Travel + Leisure in a report on Thursday, February 19th. Barclays set a $78.00 price objective on Travel + Leisure in a research note on Thursday, February 19th. Morgan Stanley boosted their target price on shares of Travel + Leisure from $68.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Citigroup reissued an “outperform” rating on shares of Travel + Leisure in a report on Thursday, February 19th. Finally, Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus target price of $85.90.

Institutional Trading of Travel + Leisure

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. acquired a new position in Travel + Leisure during the 2nd quarter valued at approximately $27,000. Danske Bank A S acquired a new stake in Travel + Leisure in the third quarter worth $30,000. CNB Bank bought a new stake in Travel + Leisure in the third quarter valued at $32,000. N.E.W. Advisory Services LLC acquired a new position in shares of Travel + Leisure during the fourth quarter valued at $43,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after acquiring an additional 715 shares during the period. 87.54% of the stock is currently 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.