Michael Dean Brown Sells 200 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $79.00, for a total transaction of $15,800.00. Following the transaction, the insider directly owned 487,303 shares of the company’s stock, valued at approximately $38,496,937. This trade represents a 0.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $73.72 on Wednesday. The business’s fifty day moving average price is $74.93 and its two-hundred day moving average price is $71.95. The stock has a market cap of $4.51 billion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 0.50 and a beta of 1.17. Travel + Leisure Co. has a one year low of $57.86 and a one year high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.88. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted $1.65 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Travel + Leisure Co. will post 7.68 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.40 annualized dividend and a yield of 3.3%. Travel + Leisure’s payout ratio is presently 65.57%.

Wall Street Analysts Forecast Growth

TNL has been the subject of a number of recent research reports. Mizuho lifted their price target on shares of Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Zacks Research raised shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 21st. Citigroup restated a “market outperform” rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Morgan Stanley lifted their target price on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Finally, Barclays boosted their price target on Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $86.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TNL. BlackRock Inc. acquired a new position in Travel + Leisure during the second quarter worth approximately $543,957,000. Invesco Ltd. grew its stake in shares of 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 period. AQR Capital Management LLC increased its holdings in shares of Travel + Leisure by 46.8% during the 2nd 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 during the last quarter. LSV Asset Management increased its holdings in shares of Travel + Leisure by 1.1% during the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock worth $113,741,000 after buying an additional 17,377 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Travel + Leisure by 21.7% in the 1st quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock worth $90,329,000 after buying an additional 232,711 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.