Travel + Leisure (NYSE:TNL) Insider Kimberly Marshall Sells 28,000 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) insider Kimberly Marshall sold 28,000 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $70.17, for a total value of $1,964,760.00. Following the completion of the transaction, the insider owned 33,191 shares of the company’s stock, valued at $2,329,012.47. The trade was a 45.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Travel + Leisure Stock Performance

NYSE:TNL opened at $71.20 on Tuesday. The stock has a fifty day moving average price of $68.83 and a two-hundred day moving average price of $70.44. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 0.55 and a beta of 1.17. Travel + Leisure Co. has a 1 year low of $47.61 and a 1 year high of $81.00.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.14. The firm had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $954.81 million. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 5.85%.Travel + Leisure’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, analysts predict that Travel + Leisure Co. will post 7.46 EPS for the current year.

Travel + Leisure Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, June 12th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.4%. Travel + Leisure’s dividend payout ratio (DPR) is currently 67.42%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TNL shares. Mizuho dropped their price target on Travel + Leisure from $107.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Oppenheimer reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Travel + Leisure in a report on Wednesday, February 18th. Citigroup reaffirmed an “outperform” rating on shares of Travel + Leisure in a report on Thursday, February 19th. Wells Fargo & Company reduced their price target on shares of Travel + Leisure from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, April 23rd. Finally, Barclays reduced their price target on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating on the stock in a report on Thursday, April 23rd. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $85.40.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Danske Bank A S acquired a new stake in shares of Travel + Leisure during the 3rd quarter worth about $30,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Travel + Leisure during the fourth quarter worth about $43,000. Assetmark Inc. raised its position in shares of Travel + Leisure by 43.8% in the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after buying an additional 191 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Travel + Leisure by 181.5% in the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after buying an additional 510 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Travel + Leisure by 102.2% during the third quarter. Smartleaf Asset Management LLC now owns 835 shares of the company’s stock valued at $51,000 after buying an additional 422 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

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.