Insider Selling: Travel + Leisure (NYSE:TNL) Insider Sells $15,800.00 in Stock

Key Points

• Insider sale: Travel + Leisure insider Michael Dean Brown sold 200 shares for $15,800 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 0.04% to 487,303 shares.
• Quarterly performance: The company reported $1.88 in quarterly EPS, in line with estimates, while revenue rose 4.4% year over year to $1.06 billion.
• Dividend and outlook: Travel + Leisure declared a quarterly dividend of $0.60 per share, implying a 3.3% annual yield. Analysts maintain a consensus “Buy” rating with an average price target of $86.90, compared with a recent share price of $73.38.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Michael Dean Brown sold 200 shares of the business's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $79.00, for a total value of $15,800.00. Following the sale, the insider directly owned 487,303 shares of the company's stock, valued at approximately $38,496,937. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Travel + Leisure Stock Performance

Shares of NYSE:TNL traded down $3.32 during trading on Monday, reaching $73.38. 697,154 shares of the stock were exchanged, compared to its average volume of 773,723. The firm's 50-day moving average price is $74.79 and its 200 day moving average price is $71.91. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 0.52 and a beta of 1.17. Travel + Leisure Co. has a 12-month low of $57.78 and a 12-month high of $81.00.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $1.88 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted $1.65 earnings per share. Travel + Leisure's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Travel + Leisure Co. will post 7.68 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 16th. Travel + Leisure's dividend payout ratio is 65.57%.

Analyst Ratings Changes

Several research firms have commented on TNL. Citigroup reissued a "market outperform" rating on shares of Travel + Leisure in a research report on Thursday, July 23rd. Wall Street Zen cut Travel + Leisure from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Barclays increased their price objective on shares of 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 lifted their price objective on shares of Travel + Leisure from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group raised shares of Travel + Leisure from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $86.90.

Institutional Investors Weigh In On Travel + Leisure

A number of hedge funds have recently bought and sold shares of the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Travel + Leisure in the fourth quarter valued at approximately $2,231,000. Louisiana State Employees Retirement System bought a new stake in Travel + Leisure during the first quarter worth approximately $1,294,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Travel + Leisure by 22.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 199,224 shares of the company's stock worth $14,051,000 after purchasing an additional 36,308 shares during the period. LSV Asset Management lifted its position in Travel + Leisure by 1.1% in the fourth quarter. LSV Asset Management now owns 1,612,657 shares of the company's stock worth $113,741,000 after purchasing an additional 17,377 shares during the period. Finally, M&T Bank Corp bought a new position in Travel + Leisure during the 4th quarter valued at $2,829,000. Institutional investors and hedge funds own 87.54% of the company's stock.

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.

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