Travel + Leisure (NYSE:TNL) Insider Sells $704,068.20 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 8,910 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $79.02, for a total transaction of $704,068.20. Following the completion of the sale, the insider directly owned 487,303 shares of the company’s stock, valued at $38,506,683.06. This represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Dean Brown also recently made the following trade(s):

• On Wednesday, April 15th, Michael Dean Brown sold 2,612 shares of Travel + Leisure stock. The stock was sold at an average price of $79.00, for a total transaction of $206,348.00.
• On Tuesday, February 24th, Michael Dean Brown sold 25,938 shares of Travel + Leisure stock. The stock was sold at an average price of $74.85, for a total transaction of $1,941,459.30.
• On Monday, February 23rd, Michael Dean Brown sold 66,860 shares of Travel + Leisure stock. The stock was sold at an average price of $74.03, for a total transaction of $4,949,645.80.

Travel + Leisure Trading Up 2.7%

Travel + Leisure stock opened at $78.22 on Friday. The firm has a 50 day moving average of $72.78 and a 200 day moving average of $69.36. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 0.58 and a beta of 1.32. Travel + Leisure Co. has a 12-month low of $40.29 and a 12-month high of $81.00.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.83. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $1.72 EPS. On average, analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 20th were given a dividend of $0.60 per share. The ex-dividend date was Friday, March 20th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Travel + Leisure’s dividend payout ratio (DPR) is 70.38%.

Institutional Investors Weigh In On Travel + Leisure

Several large investors have recently bought and sold shares of the business. CENTRAL TRUST Co increased its position in Travel + Leisure by 35.6% in the first quarter. CENTRAL TRUST Co now owns 2,320 shares of the company’s stock worth $161,000 after purchasing an additional 609 shares during the last quarter. Everstar Asset Management LLC increased its position in Travel + Leisure by 2.3% in the first quarter. Everstar Asset Management LLC now owns 15,852 shares of the company’s stock worth $1,097,000 after purchasing an additional 358 shares during the last quarter. Evolve Private Wealth LLC increased its position in Travel + Leisure by 1.7% in the first quarter. Evolve Private Wealth LLC now owns 9,270 shares of the company’s stock worth $641,000 after purchasing an additional 156 shares during the last quarter. Diversified Trust Co increased its position in Travel + Leisure by 0.7% in the first quarter. Diversified Trust Co now owns 19,393 shares of the company’s stock worth $1,342,000 after purchasing an additional 137 shares during the last quarter. Finally, Baron Wealth Management LLC increased its position in Travel + Leisure by 2.8% in the first quarter. Baron Wealth Management LLC now owns 4,953 shares of the company’s stock worth $343,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TNL shares. Wall Street Zen upgraded shares of Travel + Leisure from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Wells Fargo & Company lifted their price objective on shares of Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Citizens Jmp lifted their price objective on shares of Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a research report on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research report on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Travel + Leisure currently has an average rating of “Moderate Buy” and a consensus target price of $85.90.

Travel + Leisure Company Profile

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.