Kimberly Marshall Sells 32,691 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Kimberly Marshall sold 32,691 shares of the business’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $75.00, for a total value of $2,451,825.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kimberly Marshall also recently made the following trade(s):

• On Thursday, June 4th, Kimberly Marshall sold 28,000 shares of Travel + Leisure stock. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00.

Travel + Leisure Stock Up 1.1%

Shares of NYSE:TNL traded up $0.86 during trading on Tuesday, reaching $77.17. 117,494 shares of the company’s stock traded hands, compared to its average volume of 765,187. Travel + Leisure Co. has a fifty-two week low of $56.66 and a fifty-two week high of $81.00. The company has a 50-day simple moving average of $72.81 and a 200-day simple moving average of $71.70. The firm has a market cap of $4.72 billion, a PE ratio of 21.10, a P/E/G ratio of 0.56 and a beta of 1.16.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $1.65 EPS. Travel + Leisure’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Travel + Leisure Co. will post 7.58 EPS for the current year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 12th. Travel + Leisure’s dividend payout ratio (DPR) is 65.57%.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors have recently bought and sold shares of the company. Danske Bank A S acquired a new stake in shares of Travel + Leisure during the 3rd quarter valued at approximately $30,000. Elevation Wealth Partners LLC boosted its position in Travel + Leisure by 413.3% during the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after purchasing an additional 372 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Travel + Leisure in the fourth quarter valued at $43,000. Assetmark Inc. increased its position in shares of Travel + Leisure by 43.8% in the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after buying an additional 191 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Wells Fargo & Company increased their price target on shares of Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Zacks Research raised shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 21st. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Finally, Morgan Stanley boosted their target price on Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Travel + Leisure currently has an average rating of “Buy” and a consensus price target of $86.90.

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.