Travel + Leisure Co. (NYSE:TNL - Get Free Report) CAO Thomas Michael Duncan sold 8,201 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $62.24, for a total value of $510,430.24. Following the completion of the transaction, the chief accounting officer owned 20,000 shares in the company, valued at approximately $1,244,800. This trade represents a 29.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Travel + Leisure Stock Performance
Shares of Travel + Leisure stock traded down $0.30 on Monday, reaching $62.88. The company had a trading volume of 827,790 shares, compared to its average volume of 699,464. The firm's 50 day moving average price is $52.47 and its two-hundred day moving average price is $50.55. Travel + Leisure Co. has a 52-week low of $37.77 and a 52-week high of $63.28. The firm has a market cap of $4.08 billion, a PE ratio of 10.84, a PEG ratio of 0.60 and a beta of 1.38.
Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). The firm had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. As a group, sell-side analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current year.
Travel + Leisure Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid 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 yield of 3.56%. Travel + Leisure's dividend payout ratio (DPR) is presently 38.62%.
Institutional Trading of Travel + Leisure
Hedge funds have recently made changes to their positions in the business. Elequin Capital LP purchased a new stake in Travel + Leisure during the 1st quarter worth approximately $30,000. Natixis purchased a new stake in shares of Travel + Leisure during the fourth quarter worth $37,000. Geneos Wealth Management Inc. increased its position in shares of Travel + Leisure by 293.0% during the first quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock worth $44,000 after acquiring an additional 715 shares during the period. UMB Bank n.a. raised its stake in shares of Travel + Leisure by 54.0% in the first quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock valued at $54,000 after acquiring an additional 409 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in Travel + Leisure in the first quarter valued at $54,000. Institutional investors and hedge funds own 87.54% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have commented on TNL shares. JMP Securities increased their price objective on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a report on Thursday. The Goldman Sachs Group cut their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Wall Street Zen raised Travel + Leisure from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley cut their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays set a $54.00 price objective on shares of Travel + Leisure and gave the company an "underweight" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $62.30.
View Our Latest Report on TNL
Travel + Leisure Company Profile
(
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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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