Travel + Leisure Co. (NYSE:TNL) Director George Herrera Sells 6,336 Shares

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 6,336 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total value of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares of the company’s stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Travel + Leisure Stock Down 1.0 %

Shares of NYSE:TNL opened at $47.12 on Friday. The company’s fifty day moving average is $53.37 and its two-hundred day moving average is $50.70. Travel + Leisure Co. has a 12-month low of $39.91 and a 12-month high of $58.95. The company has a market cap of $3.14 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.04. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. During the same period in the previous year, the business earned $1.98 EPS. The company’s revenue was up 3.9% on a year-over-year basis. Equities research analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.56 per share. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Monday, March 17th. Travel + Leisure’s payout ratio is 38.36%.

Institutional Trading of Travel + Leisure

Several large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new position in shares of Travel + Leisure in the fourth quarter worth $25,000. Versant Capital Management Inc increased its stake in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after acquiring an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after acquiring an additional 503 shares during the last quarter. Natixis acquired a new position in shares of Travel + Leisure in the fourth quarter worth $37,000. Finally, UMB Bank n.a. increased its stake in shares of Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company’s stock worth $38,000 after acquiring an additional 204 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Tigress Financial upped their target price on Travel + Leisure from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. upped their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus upped their target price on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Mizuho restated a “neutral” rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Finally, Truist Financial upped their price target on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Travel + Leisure currently has a consensus rating of “Moderate Buy” and an average target price of $63.70.

Travel + Leisure Company Profile

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