Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Michael Dean Brown sold 1,109 shares of the business's stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $79.13, for a total value of $87,755.17. Following the completion of the sale, the insider owned 487,303 shares in the company, valued at approximately $38,560,286.39. The trade was a 0.23% 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Dean Brown also recently made the following trade(s):
- On Friday, April 17th, Michael Dean Brown sold 9,443 shares of Travel + Leisure stock. The shares were sold at an average price of $79.11, for a total value of $747,035.73.
- On Wednesday, April 15th, Michael Dean Brown sold 2,612 shares of Travel + Leisure stock. The shares were sold at an average price of $79.00, for a total value of $206,348.00.
- On Tuesday, April 14th, Michael Dean Brown sold 8,910 shares of Travel + Leisure stock. The shares were sold at an average price of $79.02, for a total value of $704,068.20.
- On Tuesday, February 24th, Michael Dean Brown sold 25,938 shares of Travel + Leisure stock. The shares were sold at an average price of $74.85, for a total value of $1,941,459.30.
- On Monday, February 23rd, Michael Dean Brown sold 66,860 shares of Travel + Leisure stock. The shares were sold at an average price of $74.03, for a total value of $4,949,645.80.
Travel + Leisure Price Performance
Shares of TNL opened at $77.32 on Tuesday. The stock's fifty day moving average price is $72.86 and its two-hundred day moving average price is $69.53. Travel + Leisure Co. has a 1 year low of $40.29 and a 1 year high of $81.00. The firm has a market cap of $4.83 billion, a PE ratio of 22.67, a PEG ratio of 0.59 and a beta of 1.32.
Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 EPS for the quarter, meeting analysts' consensus estimates of $1.83. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. Travel + Leisure's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.72 EPS. Sell-side analysts anticipate that Travel + Leisure Co. will post 7.41 earnings per share for the current fiscal year.
Travel + Leisure Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 20th were issued a $0.60 dividend. This is a boost from Travel + Leisure's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 20th. This represents a $2.40 annualized dividend and a yield of 3.1%. Travel + Leisure's payout ratio is 70.38%.
Hedge Funds Weigh In On Travel + Leisure
Several institutional investors have recently modified their holdings of the company. Invesco Ltd. grew its holdings in shares of Travel + Leisure by 4.2% during the 4th quarter. Invesco Ltd. now owns 3,632,657 shares of the company's stock valued at $256,211,000 after purchasing an additional 146,484 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Travel + Leisure by 46.8% during the 2nd quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company's stock valued at $138,449,000 after purchasing an additional 855,151 shares during the last quarter. LSV Asset Management grew its holdings in shares of Travel + Leisure by 1.1% during the 4th quarter. LSV Asset Management now owns 1,612,657 shares of the company's stock valued at $113,741,000 after purchasing an additional 17,377 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Travel + Leisure by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,208,918 shares of the company's stock valued at $85,281,000 after purchasing an additional 10,137 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Travel + Leisure by 9.3% during the 4th quarter. Morgan Stanley now owns 906,101 shares of the company's stock valued at $63,907,000 after purchasing an additional 77,135 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
TNL has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on Travel + Leisure from $81.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, February 19th. Barclays set a $78.00 price objective on Travel + Leisure in a research note on Thursday, February 19th. The Goldman Sachs Group boosted their price objective on Travel + Leisure from $71.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, February 19th. Weiss Ratings lowered Travel + Leisure from a "buy (b)" rating to a "hold (c+)" rating in a research note on Friday, February 20th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $85.00 target price on shares of Travel + Leisure in a report on Wednesday, February 18th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $85.90.
Check Out Our Latest Stock Report on TNL
About Travel + Leisure
(
Get Free Report)
Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.
In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.
Further Reading
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