Travel + Leisure Co. (NYSE:TNL – Get Free Report) insider Jeffrey Myers sold 28,764 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $66.77, for a total value of $1,920,572.28. Following the completion of the transaction, the insider owned 113,789 shares of the company’s stock, valued at $7,597,691.53. The trade was a 20.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Jeffrey Myers also recently made the following trade(s):
- On Monday, October 27th, Jeffrey Myers sold 50,000 shares of Travel + Leisure stock. The shares were sold at an average price of $66.38, for a total value of $3,319,000.00.
Travel + Leisure Stock Performance
NYSE:TNL traded up $0.64 during mid-day trading on Monday, hitting $65.83. The stock had a trading volume of 987,444 shares, compared to its average volume of 692,489. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $70.43. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.63 and a beta of 1.47. The company’s 50 day simple moving average is $61.47 and its 200 day simple moving average is $54.97.
Travel + Leisure (NYSE:TNL – Get Free Report) last issued its earnings results on Wednesday, October 22nd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.08. Travel + Leisure had a net margin of 10.36% and a negative return on equity of 49.06%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the business posted $1.57 EPS. Travel + Leisure’s revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.
Travel + Leisure Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 12th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, September 12th. Travel + Leisure’s dividend payout ratio (DPR) is 36.84%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Travel + Leisure by 26.6% during the first quarter. GAMMA Investing LLC now owns 2,044 shares of the company’s stock worth $95,000 after buying an additional 429 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Travel + Leisure by 5.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,018 shares of the company’s stock worth $1,945,000 after buying an additional 2,063 shares during the last quarter. Diversified Trust Co grew its stake in shares of Travel + Leisure by 58.2% in the first quarter. Diversified Trust Co now owns 25,473 shares of the company’s stock worth $1,179,000 after purchasing an additional 9,368 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Travel + Leisure by 210.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company’s stock worth $1,666,000 after purchasing an additional 24,329 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Travel + Leisure by 8.1% in the first quarter. KBC Group NV now owns 3,128 shares of the company’s stock worth $145,000 after purchasing an additional 235 shares during the last quarter. 87.54% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on TNL. JMP Securities raised their price objective on shares of Travel + Leisure from $70.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Thursday. Mizuho set a $86.00 price objective on shares of Travel + Leisure in a research report on Wednesday. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Barclays raised their price objective on shares of Travel + Leisure from $54.00 to $63.00 and gave the stock an “underweight” rating in a research report on Thursday. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and a consensus target price of $69.90.
Get Our Latest Stock Analysis on Travel + Leisure
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.
See Also
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