Thomas Michael Duncan Sells 8,201 Shares of Travel + Leisure Co. (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL - Get Free Report) CAO Thomas Michael Duncan sold 8,201 shares of Travel + Leisure stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $62.24, for a total value of $510,430.24. Following the sale, the chief accounting officer directly owned 20,000 shares in the company, valued at approximately $1,244,800. This trade represents a 29.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Travel + Leisure Stock Down 0.3%

Shares of Travel + Leisure stock traded down $0.18 during trading on Thursday, reaching $61.69. The company's stock had a trading volume of 1,486,612 shares, compared to its average volume of 691,188. The business's 50-day moving average price is $51.79 and its 200-day moving average price is $50.32. The firm has a market cap of $4.10 billion, a PE ratio of 10.30, a P/E/G ratio of 0.56 and a beta of 1.38. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $63.28.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $1.52 earnings per share. The company's quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.56 per share. The ex-dividend date was Friday, June 13th. This represents a $2.24 annualized dividend and a yield of 3.63%. Travel + Leisure's dividend payout ratio is 37.40%.

Analyst Ratings Changes

A number of equities analysts have commented on TNL shares. Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $63.00 to $72.00 in a research report on Thursday. 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 report on Tuesday, April 22nd. The Goldman Sachs Group lowered their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. JMP Securities lifted their price target on Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research note on Thursday. Finally, Barclays increased their price target on Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Travel + Leisure has an average rating of "Moderate Buy" and a consensus price target of $62.27.

Institutional Investors Weigh In On Travel + Leisure

A number of large investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in shares of Travel + Leisure by 210.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 35,893 shares of the company's stock valued at $1,666,000 after buying an additional 24,329 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of Travel + Leisure during the 1st quarter worth approximately $261,000. GAMMA Investing LLC increased its stake in Travel + Leisure by 26.6% in the first quarter. GAMMA Investing LLC now owns 2,044 shares of the company's stock valued at $95,000 after acquiring an additional 429 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in Travel + Leisure by 53.1% in the first quarter. Crossmark Global Holdings Inc. now owns 68,355 shares of the company's stock valued at $3,164,000 after acquiring an additional 23,700 shares during the last quarter. Finally, Cerity Partners LLC increased its stake in Travel + Leisure by 10.1% in the first quarter. Cerity Partners LLC now owns 21,529 shares of the company's stock valued at $997,000 after acquiring an additional 1,980 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors and hedge funds.

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.

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