Insider Selling: Travel + Leisure Co. (NYSE:TNL) Director Sells $296,524.80 in Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 6,336 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. This represents a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $47.12 on Friday. The stock has a market cap of $3.14 billion, a P/E ratio of 8.07, a P/E/G ratio of 0.67 and a beta of 1.61. The firm has a fifty day moving average price of $53.37 and a 200 day moving average price of $50.75. Travel + Leisure Co. has a 1-year low of $39.91 and a 1-year high of $58.95.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $958.87 million. During the same quarter in the prior year, the business earned $1.98 EPS. Travel + Leisure’s quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

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

Institutional Trading of Travel + Leisure

Several hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Travel + Leisure by 1.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 39,955 shares of the company’s stock worth $2,016,000 after acquiring an additional 693 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Travel + Leisure in the 4th quarter worth $4,268,000. Mackenzie Financial Corp lifted its stake in shares of Travel + Leisure by 405.4% in the 4th quarter. Mackenzie Financial Corp now owns 64,918 shares of the company’s stock worth $3,275,000 after acquiring an additional 52,072 shares during the period. PharVision Advisers LLC acquired a new stake in shares of Travel + Leisure in the 4th quarter worth $713,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Travel + Leisure by 14.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,176 shares of the company’s stock worth $13,782,000 after acquiring an additional 35,275 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

TNL has been the topic of a number of recent analyst reports. Mizuho reissued a “neutral” rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and increased their price objective for the company from $40.00 to $60.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. The Goldman Sachs Group increased their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Barclays increased their target price on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $63.70.

About Travel + Leisure

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.