Travel + Leisure Co. (NYSE:TNL) Insider Sells $314,545.00 in Stock

Travel + Leisure Co. (NYSE:TNLGet Rating) insider James J. Savina sold 5,500 shares of the company’s stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $57.19, for a total transaction of $314,545.00. Following the sale, the insider now directly owns 13,659 shares in the company, valued at $781,158.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of TNL opened at $55.79 on Tuesday. Travel + Leisure Co. has a 1 year low of $46.10 and a 1 year high of $66.56. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 14.76 and a beta of 1.75. The stock has a 50 day moving average price of $54.65.

Travel + Leisure (NYSE:TNLGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.03). The business had revenue of $809.00 million during the quarter, compared to the consensus estimate of $772.11 million. Travel + Leisure had a negative return on equity of 40.41% and a net margin of 9.98%. The business’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. On average, sell-side analysts predict that Travel + Leisure Co. will post 4.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 14th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 2.87%. Travel + Leisure’s dividend payout ratio is currently 42.33%.

TNL has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Thursday, January 20th. Jefferies Financial Group upgraded Travel + Leisure from a “hold” rating to a “buy” rating and lifted their price target for the company from $62.00 to $79.00 in a research report on Friday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $74.00.

A number of institutional investors have recently made changes to their positions in TNL. Counterpoint Mutual Funds LLC purchased a new stake in shares of Travel + Leisure during the first quarter valued at approximately $25,000. Capital Analysts LLC raised its holdings in Travel + Leisure by 80.2% during the 4th quarter. Capital Analysts LLC now owns 472 shares of the company’s stock valued at $26,000 after buying an additional 210 shares during the last quarter. Carroll Financial Associates Inc. bought a new stake in Travel + Leisure during the 4th quarter valued at $27,000. Evolution Wealth Advisors LLC boosted its position in Travel + Leisure by 140.5% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 606 shares of the company’s stock valued at $33,000 after buying an additional 354 shares during the period. Finally, Quent Capital LLC bought a new stake in Travel + Leisure in the 4th quarter worth $36,000. 87.70% of the stock is currently owned by institutional investors and hedge funds.

Travel + Leisure Company Profile (Get Rating)

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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Insider Buying and Selling by Quarter for Travel + Leisure (NYSE:TNL)

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