Insider Selling: Travel + Leisure (NYSE:TNL) Insider Sells $1,072,500.00 in Stock

Travel + Leisure Co. (NYSE:TNL) insider Kimberly Marshall sold 16,500 shares of the firm’s stock in a transaction on Wednesday, October 22nd. The stock was sold at an average price of $65.00, for a total value of $1,072,500.00. Following the transaction, the insider owned 40,236 shares of the company’s stock, valued at approximately $2,615,340. This represents a 29.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Travel + Leisure Trading Up 0.1%

TNL opened at $65.21 on Friday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.63 and a beta of 1.47. The stock’s 50-day moving average price is $61.47 and its 200 day moving average price is $54.90. Travel + Leisure Co. has a 12-month low of $37.77 and a 12-month high of $70.43.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $1.80 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 analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.4%. Travel + Leisure’s dividend payout ratio is currently 36.84%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Travel + Leisure from $61.00 to $71.00 and gave the stock a “neutral” rating in a research note on Thursday. Mizuho set a $86.00 price objective on Travel + Leisure in a research report on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travel + Leisure in a report on Friday. Citigroup reiterated an “outperform” rating on shares of Travel + Leisure in a research note on Thursday. Finally, Barclays increased their price objective on shares of Travel + Leisure from $54.00 to $63.00 and gave the company an “underweight” rating in a research report on Thursday. Ten investment 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 MarketBeat.com, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $69.90.

Institutional Trading of Travel + Leisure

Several institutional investors have recently modified their holdings of TNL. Parallel Advisors LLC grew its position in shares of Travel + Leisure by 17.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,202 shares of the company’s stock valued at $62,000 after buying an additional 182 shares during the last quarter. Optas LLC grew its holdings in shares of Travel + Leisure by 4.3% during the third quarter. Optas LLC now owns 4,542 shares of the company’s stock worth $270,000 after purchasing an additional 189 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Travel + Leisure by 19.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company’s stock worth $59,000 after purchasing an additional 189 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Travel + Leisure by 9.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,482 shares of the company’s stock valued at $148,000 after purchasing an additional 218 shares during the last quarter. Finally, Man Group plc boosted its position in shares of Travel + Leisure by 1.8% in the 2nd quarter. Man Group plc now owns 12,753 shares of the company’s stock valued at $658,000 after purchasing an additional 226 shares during the period. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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.