Denny Marie Post Sells 5,500 Shares of Travel + Leisure Co. (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) Director Denny Marie Post sold 5,500 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $50.20, for a total transaction of $276,100.00. Following the completion of the sale, the director now directly owns 4,477 shares of the company’s stock, valued at approximately $224,745.40. This trade represents a 55.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $51.16 on Wednesday. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $58.95. The company has a 50 day moving average price of $45.35 and a 200 day moving average price of $50.56. The stock has a market capitalization of $3.40 billion, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. During the same quarter in the previous year, the firm posted $0.97 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 4.38%. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure’s payout ratio is presently 37.40%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TNL shares. Morgan Stanley decreased their price objective on Travel + Leisure from $61.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 22nd. Barclays decreased their price target on Travel + Leisure from $54.00 to $39.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Truist Financial increased their price target on Travel + Leisure from $61.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Tigress Financial boosted their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Travel + Leisure has an average rating of “Moderate Buy” and an average target price of $59.20.

Institutional Investors Weigh In On Travel + Leisure

Hedge funds have recently bought and sold shares of the stock. Barclays PLC increased its stake in shares of Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company’s stock worth $10,383,000 after buying an additional 100,440 shares during the period. Oak Thistle LLC acquired a new position in Travel + Leisure during the 4th quarter worth approximately $1,288,000. Atlas Capital Advisors Inc. grew its holdings in Travel + Leisure by 1,141.0% during the 4th quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company’s stock worth $594,000 after acquiring an additional 10,817 shares in the last quarter. Amundi increased its position in shares of Travel + Leisure by 22.8% in the 4th quarter. Amundi now owns 5,940 shares of the company’s stock valued at $302,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Travel + Leisure by 4.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company’s stock valued at $10,130,000 after purchasing an additional 8,374 shares in the last quarter. Institutional investors and hedge funds 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.