George Herrera Sells 2,200 Shares of Travel + Leisure Co. (NYSE:TNL) Stock

Key Points

• Director George Herrera sold 2,200 shares of Travel + Leisure Co. for $133,056, reducing his position by nearly 80% and retaining only 559 shares.
• Travel + Leisure's stock recently traded up to $60.89 after experiencing a 3.4% revenue increase year-over-year, though earnings slightly missed expectations.
• The company announced a quarterly dividend of $0.56 per share, reflecting an annualized yield of 3.7% and a payout ratio of 38.62%.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) Director George Herrera sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $60.48, for a total value of $133,056.00. Following the completion of the sale, the director owned 559 shares in the company, valued at $33,808.32. The trade was a 79.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Travel + Leisure Stock Up 0.7%

Shares of TNL stock traded up $0.40 during trading on Wednesday, reaching $60.89. 145,112 shares of the company's stock were exchanged, compared to its average volume of 697,727. The stock has a market capitalization of $3.95 billion, a PE ratio of 10.51, a PEG ratio of 0.56 and a beta of 1.43. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $63.31. The firm's fifty day moving average price is $55.16 and its 200-day moving average price is $51.21.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. The firm's revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 earnings per share. As a group, analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.7%. Travel + Leisure's payout ratio is presently 38.62%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its holdings in Travel + Leisure by 1.2% in the 4th quarter. LPL Financial LLC now owns 37,983 shares of the company's stock valued at $1,916,000 after buying an additional 468 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Travel + Leisure by 18.1% in the 4th quarter. Wells Fargo & Company MN now owns 68,228 shares of the company's stock valued at $3,442,000 after buying an additional 10,437 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in 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 buying an additional 8,374 shares in the last quarter. Federated Hermes Inc. grew its holdings in Travel + Leisure by 21.0% in the 4th quarter. Federated Hermes Inc. now owns 9,432 shares of the company's stock valued at $476,000 after buying an additional 1,637 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Travel + Leisure by 1.0% in the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock valued at $986,000 after buying an additional 200 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TNL has been the topic of several research reports. Morgan Stanley cut their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. Wall Street Zen raised Travel + Leisure from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Barclays boosted their price target on Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research report on Thursday, July 24th. Finally, JMP Securities boosted their price target on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $62.30.

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.

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