Travel + Leisure (NYSE:TNL) CAO Thomas Michael Duncan Sells 20,000 Shares of Stock

Travel + Leisure Co. (NYSE:TNL) CAO Thomas Michael Duncan sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $74.16, for a total value of $1,483,200.00. Following the sale, the chief accounting officer directly owned 5,307 shares of the company’s stock, valued at $393,567.12. This represents a 79.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $71.79 on Friday. The company has a market cap of $4.39 billion, a P/E ratio of 19.61, a PEG ratio of 0.50 and a beta of 1.17. The stock has a 50 day simple moving average of $74.95 and a two-hundred day simple moving average of $72.16. Travel + Leisure Co. has a fifty-two week low of $58.07 and a fifty-two week high of $81.00.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.88. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Travel + Leisure had a negative return on equity of 46.91% and a net margin of 5.81%.The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 EPS. On average, research analysts predict that Travel + Leisure Co. will post 7.7 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio (DPR) is presently 65.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TNL. Susquehanna initiated coverage on shares of Travel + Leisure in a report on Tuesday, August 18th. They set a “positive” rating and a $95.00 price objective on the stock. Mizuho boosted their target price on Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Wells Fargo & Company upped their price target on Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Morgan Stanley increased their price target on Travel + Leisure from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, August 18th. Finally, Zacks Research cut Travel + Leisure from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 19th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.82.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. First Bancorp Inc ME bought a new stake in shares of Travel + Leisure during the second quarter worth about $27,000. Elevation Wealth Partners LLC lifted its position in Travel + Leisure by 413.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after acquiring an additional 372 shares in the last quarter. Danske Bank A S bought a new position in Travel + Leisure in the 3rd quarter valued at about $30,000. N.E.W. Advisory Services LLC acquired a new position in Travel + Leisure during the 2nd quarter valued at about $46,000. Finally, Assetmark Inc. boosted its stake in Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after purchasing an additional 191 shares during the last quarter. 87.54% of the stock is 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.