Insider Selling: Travel + Leisure (NYSE:TNL) Insider Sells $2,451,825.00 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Kimberly Marshall sold 32,691 shares of Travel + Leisure stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total transaction of $2,451,825.00. The sale was disclosed in a legal filing with the SEC, which is available at 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 Performance

Shares of TNL opened at $75.08 on Friday. Travel + Leisure Co. has a 1 year low of $56.66 and a 1 year high of $81.00. The company’s 50 day simple moving average is $73.57 and its 200 day simple moving average is $71.75. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 0.58 and a beta of 1.16.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, hitting the consensus estimate of $1.88. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. Travel + Leisure’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.65 EPS. Equities analysts expect that Travel + Leisure Co. will post 7.58 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, June 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.2%. Travel + Leisure’s dividend payout ratio (DPR) is 65.57%.

Hedge Funds Weigh In On Travel + Leisure

A number of large investors have recently modified their holdings of TNL. Norges Bank acquired a new stake in Travel + Leisure during the 4th quarter worth approximately $62,162,000. AQR Capital Management LLC lifted 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 valued at $138,449,000 after buying an additional 855,151 shares in the last quarter. Gotham Asset Management LLC lifted its position in Travel + Leisure by 139.2% during the fourth quarter. Gotham Asset Management LLC now owns 631,336 shares of the company’s stock valued at $44,528,000 after buying an additional 367,356 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Travel + Leisure by 68.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 885,105 shares of the company’s stock worth $62,427,000 after buying an additional 359,186 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Travel + Leisure by 124.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 567,478 shares of the company’s stock worth $40,024,000 after acquiring an additional 314,481 shares in the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on TNL shares. Barclays upped their target price on Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group upgraded Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a report on Monday, June 1st. Citigroup reaffirmed a “market outperform” rating on shares of Travel + Leisure in a research note on Thursday, July 23rd. Zacks Research upgraded shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Travel + Leisure in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.