Insider Selling: Travel + Leisure (NYSE:TNL) Insider Sells 16,500 Shares of Stock

Key Points

• Kimberly Marshall, an insider at Travel + Leisure Co. (NYSE:TNL), sold 16,500 shares of stock at an average price of $65.00, totaling $1,072,500, which represented a 29.08% decrease in her ownership.
• Shares of Travel + Leisure recently traded down 6.7% to $65.20, with a market cap of $4.23 billion and a one-year price range between $37.77 and $70.43.
• The company reported earnings of $1.80 EPS for the quarter, exceeding analysts' expectations, and declared a quarterly dividend of $0.56 per share, reflecting a dividend yield of 3.4%.

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Kimberly Marshall sold 16,500 shares of the business's stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $65.00, for a total transaction of $1,072,500.00. Following the completion of the sale, the insider owned 40,236 shares in the company, valued at $2,615,340. The trade was a 29.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Travel + Leisure Trading Down 6.7%

Shares of NYSE TNL traded down $4.71 during midday trading on Thursday, reaching $65.20. The company's stock had a trading volume of 1,637,110 shares, compared to its average volume of 691,000. The company has a 50 day moving average price of $61.28 and a 200 day moving average price of $54.43. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $70.43. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 0.59 and a beta of 1.47.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, October 22nd. The company reported $1.80 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.08. Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm earned $1.57 EPS. The business's revenue for the quarter was up 5.1% on a year-over-year basis. Research analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 12th were issued a dividend of $0.56 per share. The ex-dividend date was Friday, September 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.4%. Travel + Leisure's payout ratio is currently 38.62%.

Institutional Trading of Travel + Leisure

Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of Travel + Leisure by 17.8% during the second quarter. Parallel Advisors LLC now owns 1,202 shares of the company's stock valued at $62,000 after purchasing an additional 182 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Travel + Leisure by 19.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,148 shares of the company's stock worth $59,000 after purchasing an additional 189 shares during the period. Optas LLC raised its holdings in Travel + Leisure by 4.3% in the third quarter. Optas LLC now owns 4,542 shares of the company's stock worth $270,000 after purchasing an additional 189 shares during the period. GAMMA Investing LLC raised its holdings in shares of Travel + Leisure by 9.6% during the third quarter. GAMMA Investing LLC now owns 2,482 shares of the company's stock worth $148,000 after acquiring an additional 218 shares during the period. Finally, Man Group plc raised its holdings in shares of Travel + Leisure by 1.8% during the second quarter. Man Group plc now owns 12,753 shares of the company's stock worth $658,000 after acquiring an additional 226 shares during the period. 87.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TNL has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Travel + Leisure from a "buy" rating to a "hold" rating in a report on Saturday, October 18th. The Goldman Sachs Group boosted their price target on shares of Travel + Leisure from $61.00 to $71.00 and gave the company a "neutral" rating in a report on Thursday. Barclays boosted their price target on shares of Travel + Leisure from $54.00 to $63.00 and gave the company an "underweight" rating in a report on Thursday. JMP Securities boosted their price target on shares of Travel + Leisure from $70.00 to $80.00 and gave the company a "market outperform" rating in a report on Thursday. Finally, Mizuho set a $86.00 price target on shares of Travel + Leisure in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.90.

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.

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