Travel + Leisure (NYSE:TNL) Insider Kimberly Marshall Sells 32,691 Shares

Travel + Leisure Co. (NYSE:TNLGet Free Report) insider Kimberly Marshall sold 32,691 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $75.00, for a total value of $2,451,825.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kimberly Marshall also recently made the following trade(s):

  • On Thursday, June 4th, Kimberly Marshall sold 28,000 shares of Travel + Leisure stock. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00.

Travel + Leisure Trading Up 2.7%

TNL opened at $78.39 on Wednesday. Travel + Leisure Co. has a 1-year low of $56.66 and a 1-year high of $81.00. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 0.57 and a beta of 1.16. The company’s fifty day moving average price is $73.12 and its two-hundred day moving average price is $71.73.

Travel + Leisure (NYSE:TNLGet Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $1.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.88. Travel + Leisure had a net margin of 5.81% and a negative return on equity of 46.91%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $1.65 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts forecast that Travel + Leisure Co. will post 7.58 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 12th were paid a $0.60 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Travel + Leisure’s dividend payout ratio is 65.57%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Travel + Leisure in a research report on Tuesday, July 21st. Barclays increased their price target on Travel + Leisure from $74.00 to $77.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Mizuho raised their price objective on Travel + Leisure from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Wall Street Zen downgraded shares of Travel + Leisure from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Morgan Stanley lifted their price objective on shares of Travel + Leisure from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $86.90.

View Our Latest Report on Travel + Leisure

Institutional Investors Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently added to or reduced their stakes in TNL. Invesco Ltd. lifted its position in shares of Travel + Leisure by 4.2% during the 4th quarter. Invesco Ltd. now owns 3,632,657 shares of the company’s stock worth $256,211,000 after buying an additional 146,484 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Travel + Leisure by 46.8% in the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after acquiring an additional 855,151 shares in the last quarter. LSV Asset Management grew its holdings in shares of Travel + Leisure by 1.1% in the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company’s stock valued at $113,741,000 after acquiring an additional 17,377 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Travel + Leisure by 21.7% during the first quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company’s stock valued at $90,329,000 after acquiring an additional 232,711 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Travel + Leisure by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company’s stock valued at $85,281,000 after acquiring an additional 10,137 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

About Travel + Leisure

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Travel + Leisure (NYSE:TNL)

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