Travel + Leisure (NYSE:TNL) Director Sells $37,580.00 in Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 500 shares of Travel + Leisure stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $75.16, for a total value of $37,580.00. Following the completion of the transaction, the director owned 1,353 shares in the company, valued at $101,691.48. The trade was a 26.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Travel + Leisure Stock Performance

NYSE TNL opened at $76.76 on Friday. The stock has a 50-day simple moving average of $69.55 and a 200 day simple moving average of $70.94. Travel + Leisure Co. has a twelve month low of $47.74 and a twelve month high of $81.00. The stock has a market capitalization of $4.79 billion, a PE ratio of 21.56, a P/E/G ratio of 0.59 and a beta of 1.17.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. The firm had revenue of $961.00 million for the quarter, compared to analyst estimates of $954.80 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 EPS. As a group, equities research analysts forecast that Travel + Leisure Co. will post 7.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, June 12th. Travel + Leisure’s dividend payout ratio is currently 67.42%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on TNL shares. Weiss Ratings raised shares of Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Wells Fargo & Company reduced their price target on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Morgan Stanley dropped their price objective on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $85.40.

Institutional Trading of Travel + Leisure

Institutional investors have recently modified their holdings of the company. Danske Bank A S bought a new stake in shares of Travel + Leisure during the third quarter valued at approximately $30,000. N.E.W. Advisory Services LLC bought a new position in Travel + Leisure in the fourth quarter worth $43,000. Assetmark Inc. lifted its position in Travel + Leisure by 43.8% in the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares during the period. Geneos Wealth Management Inc. boosted its stake in Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in Travel + Leisure by 181.5% during the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock worth $47,000 after buying an additional 510 shares in the last quarter. 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.