Michael Dean Brown Sells 1,109 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 1,109 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $79.13, for a total transaction of $87,755.17. Following the transaction, the insider owned 487,303 shares in the company, valued at approximately $38,560,286.39. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, April 17th, Michael Dean Brown sold 9,443 shares of Travel + Leisure stock. The shares were sold at an average price of $79.11, for a total transaction of $747,035.73.
• On Wednesday, April 15th, Michael Dean Brown sold 2,612 shares of Travel + Leisure stock. The stock was sold at an average price of $79.00, for a total value of $206,348.00.
• On Tuesday, April 14th, Michael Dean Brown sold 8,910 shares of Travel + Leisure stock. The shares were sold at an average price of $79.02, for a total value of $704,068.20.
• On Tuesday, February 24th, Michael Dean Brown sold 25,938 shares of Travel + Leisure stock. The shares were sold at an average price of $74.85, for a total value of $1,941,459.30.
• On Monday, February 23rd, Michael Dean Brown sold 66,860 shares of Travel + Leisure stock. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80.

Travel + Leisure Stock Performance

Travel + Leisure stock traded down $1.01 during midday trading on Monday, reaching $77.32. The company’s stock had a trading volume of 930,887 shares, compared to its average volume of 654,389. The firm has a market capitalization of $4.83 billion, a PE ratio of 22.67, a P/E/G ratio of 0.59 and a beta of 1.32. Travel + Leisure Co. has a fifty-two week low of $40.29 and a fifty-two week high of $81.00. The stock’s 50 day simple moving average is $72.78 and its 200 day simple moving average is $69.42.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, hitting analysts’ consensus estimates 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 business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 EPS. Equities analysts predict that Travel + Leisure Co. will post 7.41 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 20th. Travel + Leisure’s dividend payout ratio is 70.38%.

Wall Street Analyst Weigh In

TNL has been the topic of a number of research reports. Wall Street Zen upgraded Travel + Leisure from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Morgan Stanley boosted their target price on Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Citizens Jmp upped their target price on Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a report on Thursday, February 19th. Mizuho set a $107.00 price target on Travel + Leisure in a research report on Thursday, February 19th. Finally, Weiss Ratings lowered shares of Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.90.

Institutional Investors Weigh In On Travel + Leisure

A number of institutional investors and hedge funds have recently bought and sold shares of TNL. Invesco Ltd. grew its holdings in Travel + Leisure by 4.2% during the 4th quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock valued at $256,211,000 after buying an additional 146,484 shares during the last quarter. AQR Capital Management LLC increased its position in Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock worth $138,449,000 after buying an additional 855,151 shares in the last quarter. LSV Asset Management raised its holdings in shares of Travel + Leisure by 1.1% in the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock worth $113,741,000 after acquiring an additional 17,377 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Travel + Leisure by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock valued at $85,281,000 after acquiring an additional 10,137 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Travel + Leisure by 9.3% in the fourth quarter. Morgan Stanley now owns 906,101 shares of the company’s stock valued at $63,907,000 after acquiring an additional 77,135 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.