Jeffrey Myers Sells 13,922 Shares of Travel + Leisure Co. (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Jeffrey Myers sold 13,922 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $58.00, for a total value of $807,476.00. Following the transaction, the insider owned 165,890 shares of the company's stock, valued at approximately $9,621,620. The trade was a 7.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jeffrey Myers also recently made the following trade(s):

• On Tuesday, July 8th, Jeffrey Myers sold 6,863 shares of Travel + Leisure stock. The stock was sold at an average price of $57.00, for a total value of $391,191.00.

Travel + Leisure Stock Performance

NYSE:TNL traded down $0.58 during trading hours on Friday, reaching $57.31. The company's stock had a trading volume of 509,851 shares, compared to its average volume of 651,968. The company has a market capitalization of $3.81 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 0.55 and a beta of 1.38. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The stock has a 50 day moving average price of $50.56 and a two-hundred day moving average price of $49.99.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. Travel + Leisure's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Friday, June 13th. Travel + Leisure's dividend payout ratio (DPR) is 37.40%.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors and hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after purchasing an additional 181 shares during the last quarter. Parallel Advisors LLC grew its holdings in Travel + Leisure by 17.8% in the second quarter. Parallel Advisors LLC now owns 1,202 shares of the company's stock worth $62,000 after purchasing an additional 182 shares during the last quarter. Cerity Partners LLC grew its holdings in Travel + Leisure by 1.0% in the fourth quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after purchasing an additional 200 shares during the last quarter. Capital Analysts LLC grew its holdings in Travel + Leisure by 16.8% in the fourth quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after purchasing an additional 227 shares during the last quarter. Finally, KBC Group NV grew its holdings in Travel + Leisure by 8.1% in the first quarter. KBC Group NV now owns 3,128 shares of the company's stock worth $145,000 after purchasing an additional 235 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on TNL shares. Barclays dropped their price target on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley decreased their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

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.