Travel + Leisure (NYSE:TNL) Insider Jeffrey Myers Sells 50,000 Shares

Travel + Leisure Co. (NYSE:TNL) insider Jeffrey Myers sold 50,000 shares of Travel + Leisure stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $66.38, for a total value of $3,319,000.00. Following the sale, the insider directly owned 63,789 shares of the company’s stock, valued at approximately $4,234,313.82. This trade represents a 43.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeffrey Myers also recently made the following trade(s):

• On Thursday, October 23rd, Jeffrey Myers sold 28,764 shares of Travel + Leisure stock. The stock was sold at an average price of $66.77, for a total value of $1,920,572.28.

Travel + Leisure Stock Up 1.0%

Shares of TNL stock opened at $65.83 on Tuesday. The business has a 50-day moving average price of $61.58 and a two-hundred day moving average price of $55.13. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $70.43. The firm has a market cap of $4.23 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 0.63 and a beta of 1.47.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.08. Travel + Leisure had a negative return on equity of 49.06% and a net margin of 10.36%.The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. The company’s revenue was up 5.1% compared to the same quarter last year. As a group, research analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, September 12th. Travel + Leisure’s payout ratio is 36.84%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TNL. Hillsdale Investment Management Inc. purchased a new position in shares of Travel + Leisure during the 2nd quarter worth approximately $27,000. Elequin Capital LP purchased a new position in shares of Travel + Leisure during the 1st quarter worth approximately $30,000. Parkside Financial Bank & Trust grew its holdings in shares of Travel + Leisure by 155.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after acquiring an additional 382 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after acquiring an additional 715 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Travel + Leisure during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on TNL. The Goldman Sachs Group boosted their target price on Travel + Leisure from $61.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Barclays boosted their target price on Travel + Leisure from $54.00 to $63.00 and gave the company an “underweight” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Travel + Leisure in a research note on Wednesday, October 8th. Wall Street Zen lowered Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Morgan Stanley set a $68.00 target price on Travel + Leisure in a research note on Wednesday, October 22nd. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.90.

Travel + Leisure Company Profile

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.