Travel + Leisure (NYSE:TNL) Insider Michael Dean Brown Sells 9,443 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 9,443 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $79.11, for a total transaction of $747,035.73. Following the completion of the transaction, the insider owned 487,303 shares in the company, valued at $38,550,540.33. The trade was a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 Thursday, April 16th, Michael Dean Brown sold 1,109 shares of Travel + Leisure stock. The shares were sold at an average price of $79.13, for a total transaction of $87,755.17.
• 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 transaction 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 transaction of $4,949,645.80.

Travel + Leisure Stock Down 1.3%

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

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, hitting analysts’ consensus estimates of $1.83. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm earned $1.72 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts expect that Travel + Leisure Co. will post 7.41 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

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

Institutional Investors Weigh In On Travel + Leisure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Invesco Ltd. raised its stake in shares of Travel + Leisure by 4.2% during the 4th quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock worth $256,211,000 after buying an additional 146,484 shares during the last quarter. AQR Capital Management LLC raised its stake in Travel + Leisure by 46.8% in the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after purchasing an additional 855,151 shares during the last quarter. LSV Asset Management raised its holdings in Travel + Leisure by 1.1% in the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after acquiring an additional 17,377 shares during the last quarter. Geode Capital Management LLC raised its holdings in Travel + Leisure by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock valued at $85,281,000 after acquiring an additional 10,137 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Travel + Leisure by 9.3% in the 4th quarter. Morgan Stanley now owns 906,101 shares of the company’s stock worth $63,907,000 after buying an additional 77,135 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on TNL shares. Citizens Jmp boosted their target price 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. The Goldman Sachs Group increased their price objective on Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Stifel Nicolaus set a $89.00 target price on Travel + Leisure in a research note on Wednesday, February 18th. Oppenheimer restated an “outperform” rating and set a $85.00 price target on shares of Travel + Leisure in a report on Wednesday, February 18th. Finally, Weiss Ratings downgraded Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.