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

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

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 transaction of $391,191.00.

Travel + Leisure Price Performance

Shares of NYSE TNL traded down $0.58 during mid-day trading on Friday, hitting $57.31. 509,851 shares of the company's stock traded hands, compared to its average volume of 651,643. The company's 50-day moving average is $50.56 and its two-hundred day moving average is $50.00. The company has a market capitalization of $3.81 billion, a P/E ratio of 9.57, a PEG ratio of 0.56 and a beta of 1.38. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.01. The firm had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. The business's revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 EPS. Equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure's dividend payout ratio is 37.40%.

Institutional Trading of Travel + Leisure

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its position in Travel + Leisure by 210.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company's stock worth $1,666,000 after purchasing an additional 24,329 shares during the period. Merit Financial Group LLC purchased a new stake in Travel + Leisure in the 1st quarter worth about $261,000. GAMMA Investing LLC raised its position in Travel + Leisure by 26.6% in the 1st quarter. GAMMA Investing LLC now owns 2,044 shares of the company's stock worth $95,000 after purchasing an additional 429 shares during the period. Atlas Capital Advisors Inc. raised its position in Travel + Leisure by 1,141.0% in the 4th quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company's stock worth $594,000 after purchasing an additional 10,817 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in Travel + Leisure in the 4th quarter worth about $458,000. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TNL shares. Morgan Stanley lowered their target price on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group lowered their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Finally, Barclays lowered their target price on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Travel + Leisure has an average rating of "Moderate Buy" and a consensus target price of $59.20.

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.