Travel + Leisure Co. (NYSE:TNL) Insider Sells $391,191.00 in Stock

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Jeffrey Myers sold 6,863 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $57.00, for a total transaction of $391,191.00. Following the transaction, the insider directly owned 179,812 shares in the company, valued at approximately $10,249,284. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jeffrey Myers also recently made the following trade(s):

• On Thursday, July 10th, Jeffrey Myers sold 13,922 shares of Travel + Leisure stock. The stock was sold at an average price of $58.00, for a total transaction of $807,476.00.

Travel + Leisure Stock Down 1.0%

Shares of TNL traded down $0.58 during midday trading on Friday, hitting $57.31. The company had a trading volume of 509,851 shares, compared to its average volume of 651,643. The company's 50 day moving average price is $50.56 and its 200 day moving average price is $50.00. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 9.57, a PEG 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 $58.95.

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 company 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 firm'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 earnings per share. Equities analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on TNL. Barclays reduced 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 report on Thursday, April 24th. The Goldman Sachs Group reduced 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 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 on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Institutional Trading of Travel + Leisure

A number of institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its holdings in shares of Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after purchasing an additional 163,804 shares during the period. AQR Capital Management LLC raised its holdings in shares of Travel + Leisure by 28.3% during the first quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company's stock worth $83,241,000 after purchasing an additional 403,418 shares during the period. Northern Trust Corp raised its holdings in shares of Travel + Leisure by 3.3% during the first quarter. Northern Trust Corp now owns 1,071,318 shares of the company's stock worth $49,591,000 after purchasing an additional 34,615 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Travel + Leisure by 8.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company's stock worth $46,039,000 after purchasing an additional 79,430 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Travel + Leisure by 37.7% during the first quarter. LSV Asset Management now owns 956,109 shares of the company's stock worth $44,258,000 after purchasing an additional 261,528 shares during the period. 87.54% of the stock is owned by institutional investors and hedge funds.

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.