Travel + Leisure Co. (NYSE:TNL) Director Denny Marie Post Sells 5,500 Shares

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 directly owns 4,477 shares of the company's stock, valued at $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Travel + Leisure Price Performance

Shares of Travel + Leisure stock traded up $2.62 during trading on Monday, hitting $50.35. 655,639 shares of the company's stock traded hands, compared to its average volume of 634,583. The company has a market cap of $3.34 billion, a PE ratio of 8.62, a PEG ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95. The firm's fifty day moving average price is $45.49 and its 200 day moving average price is $50.53.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced 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 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 10.63% and a negative return on equity of 45.75%. The company's revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 earnings per share. As a group, equities research analysts anticipate that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 4.45%. The ex-dividend date was Monday, March 17th. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio is 37.40%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp acquired a new stake in Travel + Leisure in the fourth quarter valued at $25,000. MassMutual Private Wealth & Trust FSB increased its position in Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after acquiring an additional 503 shares during the period. Natixis bought a new position in Travel + Leisure during the fourth quarter worth about $37,000. UMB Bank n.a. increased its holdings in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after buying an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TNL. Truist Financial upped their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Barclays decreased their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Mizuho reiterated a "neutral" rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. The Goldman Sachs Group reduced their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley reduced their target price 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. One 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. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.

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