Travel + Leisure Co. (NYSE:TNL) Insider Sells $261,269.44 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 5,009 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the transaction, the insider now owns 125,209 shares in the company, valued at approximately $6,530,901.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Travel + Leisure Price Performance

Shares of TNL stock opened at $53.29 on Friday. The business’s fifty day moving average price is $45.80 and its 200 day moving average price is $44.95. The firm has a market capitalization of $3.65 billion, a PE ratio of 9.05, a P/E/G ratio of 0.76 and a beta of 1.61. Travel + Leisure Co. has a 1-year low of $34.12 and a 1-year high of $53.52.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The business had revenue of $993.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company posted $1.54 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis. Equities research analysts expect that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.75%. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Institutional Investors Weigh In On Travel + Leisure

Hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. increased its stake in Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock valued at $25,000 after purchasing an additional 526 shares in the last quarter. Versant Capital Management Inc purchased a new stake in Travel + Leisure during the second quarter worth $27,000. Allspring Global Investments Holdings LLC grew its holdings in Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after purchasing an additional 607 shares during the last quarter. Family Firm Inc. purchased a new position in shares of Travel + Leisure in the second quarter valued at $31,000. Finally, Larson Financial Group LLC acquired a new position in shares of Travel + Leisure during the 2nd quarter worth $36,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TNL shares. JPMorgan Chase & Co. raised their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Tigress Financial raised their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Truist Financial reduced their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, September 5th. Barclays lifted their target price on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.67.

Travel + Leisure Company Profile

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.