George Herrera Sells 500 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 500 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the transaction, the director owned 1,353 shares in the company, valued at $101,691.48. This represents a 26.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Travel + Leisure Stock Performance

TNL stock opened at $76.76 on Friday. The firm has a 50 day simple moving average of $69.49 and a 200 day simple moving average of $70.90. Travel + Leisure Co. has a 52 week low of $47.74 and a 52 week high of $81.00. The stock has a market cap of $4.79 billion, a P/E ratio of 21.56, a P/E/G ratio of 0.58 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 for the quarter, beating the consensus estimate of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The firm had revenue of $961.00 million for the quarter, compared to analyst estimates of $954.80 million. During the same quarter in the prior year, the business earned $1.11 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Sell-side analysts predict that Travel + Leisure Co. will post 7.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 3.1%. Travel + Leisure’s dividend payout ratio is 67.42%.

Institutional Investors Weigh In On Travel + Leisure

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Travel + Leisure by 15.3% during the third quarter. JPMorgan Chase & Co. now owns 354,598 shares of the company’s stock valued at $21,096,000 after buying an additional 47,170 shares during the last quarter. Compass Wealth Management LLC bought a new stake in shares of Travel + Leisure in the third quarter valued at about $1,707,000. SG Americas Securities LLC acquired a new stake in Travel + Leisure during the fourth quarter worth about $11,657,000. Jupiter Asset Management Ltd. grew its position in Travel + Leisure by 13,198.4% during the third quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock worth $30,996,000 after buying an additional 517,113 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co bought a new position in Travel + Leisure during the third quarter valued at about $1,563,000. 87.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on TNL. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research report on Friday, February 20th. Wells Fargo & Company dropped their target price on Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a research report on Thursday, April 23rd. Mizuho cut their price target on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Barclays lowered their price target on Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a research note on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.