Travel + Leisure Co. (NYSE:TNL) Director Sells $93,158.64 in Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 2,193 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total transaction of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at approximately $269,832.96. The transaction was disclosed in a filing with the SEC, which is available through this link.

Travel + Leisure Trading Up 0.8 %

Shares of NYSE TNL traded up $0.35 on Wednesday, reaching $42.98. 453,191 shares of the company traded hands, compared to its average volume of 572,000. Travel + Leisure Co. has a fifty-two week low of $32.10 and a fifty-two week high of $49.91. The company has a 50 day moving average of $44.11 and a 200 day moving average of $44.74. The stock has a market capitalization of $3.00 billion, a PE ratio of 7.87, a P/E/G ratio of 0.57 and a beta of 1.62.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The firm had revenue of $985.00 million for the quarter, compared to analysts’ expectations of $987.20 million. During the same period last year, the business posted $1.33 earnings per share. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts expect that Travel + Leisure Co. will post 5.67 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Friday, September 13th. Travel + Leisure’s payout ratio is currently 36.83%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Travel + Leisure by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after purchasing an additional 466,640 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Travel + Leisure by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock valued at $63,547,000 after purchasing an additional 57,587 shares during the last quarter. Norges Bank acquired a new position in Travel + Leisure in the fourth quarter valued at about $34,967,000. LSV Asset Management boosted its position in Travel + Leisure by 23.1% during the second quarter. LSV Asset Management now owns 725,381 shares of the company’s stock valued at $32,628,000 after purchasing an additional 136,281 shares during the last quarter. Finally, Swedbank AB acquired a new position in Travel + Leisure during the first quarter valued at approximately $33,598,000. 87.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on TNL shares. The Goldman Sachs Group began coverage on shares of Travel + Leisure in a report on Wednesday. They issued a “neutral” rating and a $44.00 price target for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Tigress Financial increased their price objective on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Truist Financial lowered their target price on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.22.

About Travel + Leisure

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.