Travel + Leisure Co. (NYSE:TNL) Insider Sells $249,929.75 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 4,607 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the completion of the transaction, the insider now owns 120,602 shares of the company’s stock, valued at $6,542,658.50. This represents a 3.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Geoffrey Richards also recently made the following trade(s):

• On Wednesday, November 6th, Geoffrey Richards sold 5,009 shares of Travel + Leisure stock. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44.

Travel + Leisure Trading Down 0.3 %

TNL stock opened at $53.78 on Friday. Travel + Leisure Co. has a one year low of $35.41 and a one year high of $54.79. The firm has a 50-day moving average of $47.01 and a two-hundred day moving average of $45.30. The firm has a market capitalization of $3.68 billion, a PE ratio of 9.13, a P/E/G ratio of 0.78 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.49 by $0.08. The business had revenue of $993.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.54 EPS. On average, equities research analysts anticipate that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.72%. The ex-dividend date is Friday, December 13th. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Hedge Funds Weigh In On Travel + Leisure

Institutional investors and hedge funds have recently bought and sold shares of the business. Copeland Capital Management LLC grew its position in Travel + Leisure by 0.9% during the third quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company’s stock valued at $71,584,000 after purchasing an additional 13,870 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Travel + Leisure by 4.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock valued at $63,547,000 after acquiring an additional 57,587 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Travel + Leisure by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after acquiring an additional 138,153 shares during the last quarter. LSV Asset Management raised its holdings in shares of Travel + Leisure by 23.1% during the second quarter. LSV Asset Management now owns 725,381 shares of the company’s stock worth $32,628,000 after acquiring an additional 136,281 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Travel + Leisure during the first quarter valued at $33,598,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TNL shares. Deutsche Bank Aktiengesellschaft dropped their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Truist Financial cut their price objective on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, September 5th. The Goldman Sachs Group lifted their target price on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Tigress Financial raised their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Barclays boosted their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.67.

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.