Insider Selling: Travel + Leisure (NYSE:TNL) CAO Sells $1,483,200.00 in Stock

Travel + Leisure Co. (NYSE:TNL) CAO Thomas Michael Duncan sold 20,000 shares of Travel + Leisure stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $74.16, for a total value of $1,483,200.00. Following the sale, the chief accounting officer owned 5,307 shares of the company’s stock, valued at approximately $393,567.12. This trade represents a 79.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Travel + Leisure Trading Down 0.6%

Shares of NYSE TNL opened at $71.27 on Friday. The business has a 50-day moving average of $74.84 and a 200-day moving average of $72.15. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 0.48 and a beta of 1.17. Travel + Leisure Co. has a 12 month low of $58.07 and a 12 month high of $81.00.

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

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, September 16th. Travel + Leisure’s dividend payout ratio is currently 65.57%.

Analyst Upgrades and Downgrades

TNL has been the subject of several research analyst reports. Morgan Stanley lifted their price target on Travel + Leisure from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 18th. Weiss Ratings reissued a “buy (b-)” rating on shares of Travel + Leisure in a report on Tuesday, July 21st. Zacks Research downgraded Travel + Leisure from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 19th. Mizuho upped their target price on Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Travel + Leisure from $87.00 to $92.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus price target of $87.82.

Institutional Trading of Travel + Leisure

Institutional investors have recently made changes to their positions in the stock. First Bancorp Inc ME bought a new stake in Travel + Leisure during the 2nd quarter valued at $27,000. Danske Bank A S bought a new stake in Travel + Leisure in the 3rd quarter worth $30,000. Elevation Wealth Partners LLC raised its stake in shares of Travel + Leisure by 413.3% during the second quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock valued at $35,000 after acquiring an additional 372 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Travel + Leisure by 43.8% during the first quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after purchasing an additional 191 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in shares of 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 purchasing an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.