Insider Selling: Travel + Leisure Co. (NYSE:TNL) Insider Sells 4,607 Shares of Stock

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

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

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

Travel + Leisure Price Performance

Shares of 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 stock has a fifty day moving average price of $47.01 and a 200 day moving average price of $45.30. The stock has a market cap of $3.68 billion, a P/E ratio of 9.13, a price-to-earnings-growth ratio of 0.78 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.08. The company 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 revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the firm earned $1.54 EPS. Equities research analysts anticipate that Travel + Leisure Co. will post 5.77 EPS for the current year.

Travel + Leisure Dividend Announcement

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Travel + Leisure

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. raised its stake in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 526 shares in the last quarter. Versant Capital Management Inc bought a new position in Travel + Leisure during the 2nd quarter valued at about $27,000. Allspring Global Investments Holdings LLC boosted its position in Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock valued at $28,000 after buying an additional 607 shares in the last quarter. Family Firm Inc. bought a new stake in Travel + Leisure during the second quarter worth about $31,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Travel + Leisure during the second quarter worth approximately $36,000. Institutional investors own 87.54% of the company’s stock.

Travel + Leisure Company Profile

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.