Travel + Leisure (NYSE:TNL) Insider Michael Dean Brown Sells 1,109 Shares

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 1,109 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $79.13, for a total value of $87,755.17. Following the sale, the insider owned 487,303 shares in the company, valued at approximately $38,560,286.39. The trade was a 0.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, April 17th, Michael Dean Brown sold 9,443 shares of Travel + Leisure stock. The shares were sold at an average price of $79.11, for a total value of $747,035.73.
• On Wednesday, April 15th, Michael Dean Brown sold 2,612 shares of Travel + Leisure stock. The shares were sold at an average price of $79.00, for a total value of $206,348.00.
• On Tuesday, April 14th, Michael Dean Brown sold 8,910 shares of Travel + Leisure stock. The shares were sold at an average price of $79.02, for a total value of $704,068.20.
• On Tuesday, February 24th, Michael Dean Brown sold 25,938 shares of Travel + Leisure stock. The shares were sold at an average price of $74.85, for a total value of $1,941,459.30.
• On Monday, February 23rd, Michael Dean Brown sold 66,860 shares of Travel + Leisure stock. The shares were sold at an average price of $74.03, for a total value of $4,949,645.80.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock opened at $77.32 on Tuesday. Travel + Leisure Co. has a one year low of $40.29 and a one year high of $81.00. The stock’s 50-day moving average is $72.86 and its 200 day moving average is $69.53. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 0.59 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.83. The business had revenue of $1.03 billion for 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%. Travel + Leisure’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 earnings per share. On average, sell-side analysts expect that Travel + Leisure Co. will post 7.41 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were paid a dividend of $0.60 per share. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, March 20th. Travel + Leisure’s payout ratio is currently 70.38%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Stifel Nicolaus set a $89.00 target price on shares of Travel + Leisure in a research note on Wednesday, February 18th. Wells Fargo & Company boosted their price objective on Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Citigroup reaffirmed an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Morgan Stanley increased their target price on Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Finally, Wall Street Zen raised shares of Travel + Leisure from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.90.

Institutional Trading of Travel + Leisure

Hedge funds have recently bought and sold shares of the business. Danske Bank A S bought a new stake in Travel + Leisure during the third quarter worth $30,000. CNB Bank bought a new stake in Travel + Leisure in the third quarter worth about $32,000. N.E.W. Advisory Services LLC bought a new stake in Travel + Leisure in the fourth quarter worth about $43,000. Geneos Wealth Management Inc. raised its position in Travel + Leisure by 293.0% in the first 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, CENTRAL TRUST Co raised its position in Travel + Leisure by 181.5% in the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock worth $47,000 after acquiring an additional 510 shares during the period. 87.54% of the stock is currently owned by institutional investors.

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.