Travel + Leisure (NYSE:TNL) Insider Geoffrey Richards Sells 33,744 Shares

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 33,744 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $75.65, for a total transaction of $2,552,733.60. Following the completion of the sale, the insider owned 1,600 shares of the company’s stock, valued at approximately $121,040. The trade was a 95.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Travel + Leisure Trading Up 2.7%

Shares of TNL opened at $78.39 on Wednesday. The stock’s 50 day moving average is $73.12 and its two-hundred day moving average is $71.73. Travel + Leisure Co. has a twelve month low of $56.66 and a twelve month high of $81.00. The firm has a market capitalization of $4.80 billion, a PE ratio of 21.42, a P/E/G ratio of 0.57 and a beta of 1.16.

Travel + Leisure (NYSE:TNL) last issued its 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 business had revenue of $1.06 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 EPS. On average, sell-side analysts predict that Travel + Leisure Co. will post 7.58 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 12th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, June 12th. Travel + Leisure’s dividend payout ratio is currently 65.57%.

Hedge Funds Weigh In On Travel + Leisure

Several hedge funds and other institutional investors have recently bought and sold shares of TNL. Danske Bank A S acquired a new stake in Travel + Leisure in the third quarter valued at $30,000. Elevation Wealth Partners LLC raised its stake in shares of Travel + Leisure by 413.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 462 shares of the company’s stock worth $35,000 after buying an additional 372 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Travel + Leisure in the 4th quarter worth about $43,000. Assetmark Inc. grew its stake in Travel + Leisure by 43.8% in the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock valued at $43,000 after acquiring an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Travel + Leisure by 293.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $44,000 after acquiring an additional 715 shares during the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TNL has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Mizuho upped their price target on shares of Travel + Leisure from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Zacks Research upgraded shares of Travel + Leisure from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Travel + Leisure in a research note on Tuesday, July 21st. Finally, Barclays boosted their price objective on shares of Travel + Leisure from $74.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Travel + Leisure presently has a consensus rating of “Buy” and an average target price of $86.90.

About Travel + Leisure

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.