Travel + Leisure (NYSE:TNL) Stock: Insider Michael Dean Brown Sells 15,943 Shares

Travel + Leisure Co. (NYSE:TNL) insider Michael Brown sold 15,943 shares of Travel + Leisure stock in a transaction on Tuesday, November 10th. The stock was sold at an average price of $79.81, for a total value of $1,272,410.83. Following the sale, the insider owned 487,303 shares of the company’s stock, valued at approximately $38,891,652.43. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Dean Brown also recently made the following trade(s):

• On Monday, November 9th, Michael Brown sold 4,033 shares of Travel + Leisure stock. The shares were sold at an average price of $79.02, for a total transaction of $318,687.66.

Travel + Leisure Trading Up 0.4%

NYSE TNL opened at $78.53 on Friday. The company’s 50-day moving average price is $67.25 and its 200-day moving average price is $70.78. The stock has a market cap of $4.73 billion, a PE ratio of 21.11, a PEG ratio of 0.77 and a beta of 1.21. Travel + Leisure Co. has a 12 month low of $60.34 and a 12 month high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.05 by $0.16. Travel + Leisure had a net margin of 5.66% and a negative return on equity of 46.63%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted $1.80 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Travel + Leisure Co. will post 7.77 earnings per share for the current year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Friday, December 11th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, December 11th. Travel + Leisure’s dividend payout ratio is currently 64.52%.

Institutional Trading of Travel + Leisure

Hedge funds have recently added to or reduced their stakes in the business. First Bancorp Inc ME bought a new position in Travel + Leisure during the 2nd quarter worth about $27,000. Elevation Wealth Partners LLC increased its position in Travel + Leisure by 413.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after purchasing an additional 372 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at about $46,000. Assetmark Inc. raised its holdings in shares of Travel + Leisure by 43.8% in the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after purchasing an additional 191 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Travel + Leisure in the 3rd quarter valued at about $97,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Travel + Leisure from $70.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 28th. Stifel Nicolaus set a $91.00 price target on Travel + Leisure in a report on Tuesday, October 27th. Weiss Ratings cut Travel + Leisure from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, November 3rd. Zacks Research raised Travel + Leisure from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 3rd. Finally, Morgan Stanley restated an “overweight” rating and set a $86.00 price objective on shares of Travel + Leisure in a report on Thursday, October 22nd. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average price target of $85.25.

Travel + Leisure Company Profile

Travel + Leisure Co. is a leisure travel company focused on vacation ownership, vacation exchange and travel membership services. Its vacation ownership business develops, markets and manages resort-based vacation ownership interests and related products through brands including Club Wyndham, WorldMark and Margaritaville Vacation Club. The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange their stays. Its travel and membership offerings include services designed to help members plan and book vacations.