Travel + Leisure Co. (NYSE:TNL) Director Sells $296,524.80 in Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 6,336 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Travel + Leisure Trading Down 0.9 %

Shares of TNL stock opened at $47.55 on Friday. Travel + Leisure Co. has a 12-month low of $39.91 and a 12-month high of $58.95. The firm’s 50 day moving average is $53.43 and its 200 day moving average is $50.68. The stock has a market capitalization of $3.17 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter last year, the company posted $1.98 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.56 dividend. The ex-dividend date is Monday, March 17th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.71%. Travel + Leisure’s dividend payout ratio (DPR) is presently 38.36%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TNL. Jones Financial Companies Lllp bought a new position in Travel + Leisure in the fourth quarter worth approximately $25,000. Versant Capital Management Inc raised its position in Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after acquiring an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after acquiring an additional 503 shares during the period. Natixis bought a new position in Travel + Leisure in the fourth quarter worth approximately $37,000. Finally, UMB Bank n.a. raised its position in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after acquiring an additional 204 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TNL. Morgan Stanley began coverage on shares of Travel + Leisure in a report on Monday, January 6th. They issued an “overweight” rating and a $67.00 price objective on the stock. Barclays upped their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Stifel Nicolaus increased their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group increased their price target on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Truist Financial increased their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Travel + Leisure has an average rating of “Moderate Buy” and an average price target of $63.70.

About Travel + Leisure

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.