Travel + Leisure (NYSE:TNL) Director George Herrera Sells 500 Shares

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 500 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $75.16, for a total transaction of $37,580.00. Following the transaction, the director directly owned 1,353 shares in the company, valued at approximately $101,691.48. The trade was a 26.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Travel + Leisure Trading Up 1.1%

Shares of Travel + Leisure stock opened at $75.97 on Thursday. Travel + Leisure Co. has a 12-month low of $47.74 and a 12-month high of $81.00. The company has a market cap of $4.74 billion, a P/E ratio of 21.34, a PEG ratio of 0.57 and a beta of 1.17. The company’s fifty day simple moving average is $69.37 and its two-hundred day simple moving average is $70.84.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.14. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The firm had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $954.81 million. During the same quarter in the previous year, the business posted $1.11 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts predict that Travel + Leisure Co. will post 7.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 12th will be paid a $0.60 dividend. The ex-dividend date is Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a yield of 3.2%. Travel + Leisure’s payout ratio is presently 67.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus set a $89.00 price target on shares of Travel + Leisure in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $90.00 price target on shares of Travel + Leisure in a research report on Friday, February 20th. Barclays reduced their target price on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating for the company in a report on Thursday, April 23rd. The Goldman Sachs Group raised shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Monday, June 1st. Finally, Weiss Ratings upgraded Travel + Leisure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of “Moderate Buy” and an average target price of $85.40.

Institutional Trading of Travel + Leisure

A number of institutional investors have recently bought and sold shares of the stock. Invesco Ltd. lifted its position in Travel + Leisure by 4.2% in the fourth quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock worth $256,211,000 after buying an additional 146,484 shares during the last quarter. AQR Capital Management LLC lifted its position in Travel + Leisure by 46.8% in the second 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 lifted its position in Travel + Leisure by 1.1% in the fourth 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. Quantinno Capital Management LP lifted its position in Travel + Leisure by 21.7% in the first 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 last quarter. Finally, Geode Capital Management LLC lifted its position in Travel + Leisure by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock worth $85,281,000 after buying an additional 10,137 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

About Travel + Leisure

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.