Travel + Leisure Co. (NYSE:TNL) Director Sells $276,100.00 in Stock

Travel + Leisure Co. (NYSE:TNL - Get Free Report) Director Denny Marie Post sold 5,500 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $50.20, for a total transaction of $276,100.00. Following the sale, the director now owns 4,477 shares of the company's stock, valued at approximately $224,745.40. The trade was a 55.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Travel + Leisure Stock Performance

NYSE TNL traded up $0.41 on Friday, reaching $51.12. The company's stock had a trading volume of 577,802 shares, compared to its average volume of 639,286. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95. The firm's 50 day moving average is $45.35 and its two-hundred day moving average is $50.60. The stock has a market cap of $3.39 billion, a PE ratio of 8.75, a PEG ratio of 0.67 and a beta of 1.41.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. The firm had revenue of $934.00 million during the quarter, compared to analysts' expectations of $933.08 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. Equities research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.38%. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio is currently 37.40%.

Institutional Trading of Travel + Leisure

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its position in shares of Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after acquiring an additional 100,440 shares in the last quarter. Oak Thistle LLC purchased a new stake in Travel + Leisure in the 4th quarter worth about $1,288,000. Atlas Capital Advisors Inc. grew its stake in Travel + Leisure by 1,141.0% during the 4th quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company's stock valued at $594,000 after acquiring an additional 10,817 shares in the last quarter. Amundi increased its holdings in shares of Travel + Leisure by 22.8% in the 4th quarter. Amundi now owns 5,940 shares of the company's stock valued at $302,000 after purchasing an additional 1,103 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of Travel + Leisure by 4.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company's stock worth $10,130,000 after purchasing an additional 8,374 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Wall Street Analyst Weigh In

TNL has been the subject of several recent research reports. The Goldman Sachs Group lowered their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Tigress Financial boosted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. Truist Financial increased their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Mizuho reaffirmed a "neutral" rating and set a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Finally, Morgan Stanley decreased their price target 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. One investment 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's stock. According to MarketBeat.com, the stock presently 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.