Travel + Leisure Co. (NYSE:TNL) Insider Sells $6,911,462.05 in Stock

Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Jeffrey Myers sold 110,885 shares of Travel + Leisure stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $62.33, for a total transaction of $6,911,462.05. Following the completion of the transaction, the insider directly owned 142,553 shares of the company's stock, valued at $8,885,328.49. The trade was a 43.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, July 23rd, Jeffrey Myers sold 23,337 shares of Travel + Leisure stock. The shares were sold at an average price of $60.00, for a total transaction of $1,400,220.00.
• On Thursday, July 10th, Jeffrey Myers sold 13,922 shares of Travel + Leisure stock. The shares were sold at an average price of $58.00, for a total transaction of $807,476.00.
• On Tuesday, July 8th, Jeffrey Myers sold 6,863 shares of Travel + Leisure stock. The shares were sold at an average price of $57.00, for a total transaction of $391,191.00.

Travel + Leisure Price Performance

Shares of TNL stock traded down $0.18 during trading hours on Thursday, hitting $61.69. The company had a trading volume of 1,486,612 shares, compared to its average volume of 691,188. The company's fifty day moving average is $51.79 and its 200 day moving average is $50.32. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $63.28. The stock has a market capitalization of $4.10 billion, a PE ratio of 10.30, a price-to-earnings-growth ratio of 0.56 and a beta of 1.38.

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

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.56 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a yield of 3.63%. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TNL. Norges Bank purchased a new stake in shares of Travel + Leisure in the 4th quarter valued at approximately $45,804,000. Nuveen LLC purchased a new position in shares of Travel + Leisure in the 1st quarter valued at approximately $41,114,000. AQR Capital Management LLC increased its stake in Travel + Leisure by 28.3% in the 1st quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company's stock valued at $83,241,000 after buying an additional 403,418 shares during the period. LSV Asset Management raised its holdings in 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 in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Travel + Leisure by 129.5% during the 1st quarter. Millennium Management LLC now owns 413,505 shares of the company's stock worth $19,141,000 after buying an additional 233,345 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TNL has been the subject of a number of research reports. Barclays boosted their target price on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a research note on Thursday. Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $63.00 to $72.00 in a research report on Thursday. Morgan Stanley lowered their price target 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. JMP Securities boosted their price target on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Thursday. Finally, The Goldman Sachs Group lowered their price target 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $62.27.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.