Michael Dean Brown Sells 2,612 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Michael Dean Brown sold 2,612 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $79.00, for a total transaction of $206,348.00. Following the sale, the insider directly owned 487,303 shares of the company’s stock, valued at $38,496,937. This represents a 0.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Dean Brown also recently made the following trade(s):

• On Tuesday, April 14th, Michael Dean Brown sold 8,910 shares of Travel + Leisure stock. The stock was sold at an average price of $79.02, for a total transaction of $704,068.20.
• On Tuesday, February 24th, Michael Dean Brown sold 25,938 shares of Travel + Leisure stock. The stock was sold at an average price of $74.85, for a total transaction of $1,941,459.30.
• On Monday, February 23rd, Michael Dean Brown sold 66,860 shares of Travel + Leisure stock. The stock was sold at an average price of $74.03, for a total transaction of $4,949,645.80.

Travel + Leisure Trading Down 2.7%

Shares of TNL stock traded down $2.13 during trading hours on Thursday, hitting $76.32. 375,386 shares of the company were exchanged, compared to its average volume of 635,188. The business has a 50 day moving average of $72.58 and a two-hundred day moving average of $69.12. Travel + Leisure Co. has a 52 week low of $40.29 and a 52 week high of $81.00. The company has a market capitalization of $4.76 billion, a PE ratio of 22.38, a PEG ratio of 0.59 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.83. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 earnings per share. On average, research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.1%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 20th. Travel + Leisure’s payout ratio is 70.38%.

Institutional Trading of Travel + Leisure

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Travel + Leisure by 231.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock worth $41,143,000 after purchasing an additional 482,731 shares in the last quarter. Compass Wealth Management LLC acquired a new stake in Travel + Leisure in the 3rd quarter worth about $1,707,000. JPMorgan Chase & Co. raised its stake in Travel + Leisure by 15.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 354,598 shares of the company’s stock worth $21,096,000 after purchasing an additional 47,170 shares in the last quarter. ING Groep NV raised its stake in Travel + Leisure by 115.0% in the 3rd quarter. ING Groep NV now owns 63,000 shares of the company’s stock worth $3,748,000 after purchasing an additional 33,700 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Travel + Leisure in the 4th quarter worth about $11,657,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TNL. Wall Street Zen raised shares of Travel + Leisure from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Citigroup reaffirmed an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Barclays set a $78.00 target price on shares of Travel + Leisure in a research report on Thursday, February 19th. Stifel Nicolaus set a $89.00 target price on shares of Travel + Leisure in a research report on Wednesday, February 18th. Finally, Mizuho set a $107.00 price target on shares of Travel + Leisure in a research note on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $85.90.

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.