Travel + Leisure (NYSE:TNL) Insider Michael Dean Brown Sells 4,033 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Brown sold 4,033 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $79.02, for a total transaction of $318,687.66. Following the completion of the sale, the insider directly owned 487,303 shares of the company’s stock, valued at $38,506,683.06. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 Tuesday, November 10th, Michael Brown sold 15,943 shares of Travel + Leisure stock. The shares were sold at an average price of $79.81, for a total transaction of $1,272,410.83.

Travel + Leisure Price Performance

Shares of TNL traded down $1.67 during mid-day trading on Thursday, hitting $78.38. The company’s stock had a trading volume of 268,784 shares, compared to its average volume of 764,456. The firm has a 50-day moving average price of $66.79 and a 200 day moving average price of $70.69. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 0.79 and a beta of 1.21. Travel + Leisure Co. has a fifty-two week low of $60.34 and a fifty-two week high of $81.00.

Travel + Leisure (NYSE:TNL) last released its earnings results on Tuesday, October 27th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $1.80 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Travel + Leisure Co. will post 7.77 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TNL shares. Weiss Ratings cut Travel + Leisure from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, November 3rd. Truist Financial reduced their price objective on Travel + Leisure from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. JPMorgan Chase & Co. lifted their target price on Travel + Leisure from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Wells Fargo & Company cut their target price on Travel + Leisure from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Finally, The Goldman Sachs Group reduced their target price on Travel + Leisure from $87.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, October 15th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in Travel + Leisure in the 3rd quarter worth approximately $26,817,000. GW&K Investment Management LLC grew its position in Travel + Leisure by 38.7% during the 3rd quarter. GW&K Investment Management LLC now owns 46,197 shares of the company’s stock worth $2,858,000 after purchasing an additional 12,878 shares in the last quarter. Private Wealth Asset Management LLC purchased a new position in Travel + Leisure during the 3rd quarter worth approximately $231,000. Private Advisor Group LLC raised its stake in Travel + Leisure by 290.1% during the 3rd quarter. Private Advisor Group LLC now owns 18,173 shares of the company’s stock valued at $1,124,000 after purchasing an additional 13,515 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in Travel + Leisure during the 3rd quarter valued at $11,761,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

About Travel + Leisure

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.