Travel + Leisure Co. (NYSE:TNL - Get Free Report) insider Michael Brown sold 4,033 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $79.02, for a total value of $318,687.66. Following the sale, the insider directly owned 487,303 shares in the company, valued at $38,506,683.06. This represents a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Dean Brown also recently made the following trade(s):
- On Tuesday, November 10th, Michael Brown sold 15,943 shares of Travel + Leisure stock. The stock was sold at an average price of $79.81, for a total value of $1,272,410.83.
Travel + Leisure Price Performance
Shares of NYSE TNL opened at $78.15 on Friday. The business has a fifty day moving average price of $67.01 and a two-hundred day moving average price of $70.73. The stock has a market capitalization of $4.71 billion, a PE ratio of 21.01, a P/E/G ratio of 0.78 and a beta of 1.21. Travel + Leisure Co. has a fifty-two week low of $60.34 and a fifty-two week high of $81.00.
Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.16. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 5.66%. Travel + Leisure's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.80 EPS. On average, equities analysts expect that Travel + Leisure Co. will post 7.77 EPS for the current year.
Travel + Leisure Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Friday, December 11th will be given a $0.60 dividend. The ex-dividend date is Friday, December 11th. This represents a $2.40 annualized dividend and a dividend yield of 3.1%. Travel + Leisure's payout ratio is presently 64.52%.
Wall Street Analysts Forecast Growth
TNL has been the topic of a number of recent analyst reports. Zacks Research raised shares of Travel + Leisure from a "strong sell" rating to a "hold" rating in a research note on Tuesday, November 3rd. Mizuho set a $108.00 price target on Travel + Leisure in a research note on Wednesday, October 28th. Barclays reduced their price objective on Travel + Leisure from $77.00 to $72.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 28th. Stifel Nicolaus set a $91.00 target price on Travel + Leisure in a research report on Tuesday, October 27th. Finally, Wells Fargo & Company dropped their target price on shares of Travel + Leisure from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, October 19th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $85.25.
Get Our Latest Stock Report on TNL
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Travel + Leisure during the 2nd quarter worth $543,957,000. State Street Corp raised its stake in shares of Travel + Leisure by 0.4% during the second quarter. State Street Corp now owns 2,157,772 shares of the company's stock valued at $164,919,000 after acquiring an additional 7,641 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Travel + Leisure by 21.7% during the 1st quarter. Quantinno Capital Management LP now owns 1,305,515 shares of the company's stock worth $90,329,000 after buying an additional 232,711 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Travel + Leisure by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 802,110 shares of the company's stock valued at $61,305,000 after acquiring an additional 40,573 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Travel + Leisure in the 2nd quarter valued at $55,087,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.
Travel + Leisure Company Profile
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Get Free Report)
Travel + Leisure Co. is a leisure travel company focused on vacation ownership, vacation exchange and travel membership services. Its vacation ownership business develops, markets and manages resort-based vacation ownership interests and related products through brands including Club Wyndham, WorldMark and Margaritaville Vacation Club. The company also operates RCI, a vacation exchange network that enables members of affiliated vacation ownership programs to exchange their stays. Its travel and membership offerings include services designed to help members plan and book vacations.
Further Reading
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