Kimberly Marshall Sells 28,000 Shares of Travel + Leisure (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Kimberly Marshall sold 28,000 shares of Travel + Leisure stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $70.17, for a total transaction of $1,964,760.00. Following the completion of the transaction, the insider owned 33,191 shares in the company, valued at approximately $2,329,012.47. This trade represents a 45.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Travel + Leisure Stock Performance

Shares of NYSE TNL opened at $72.25 on Wednesday. The firm has a market capitalization of $4.51 billion, a P/E ratio of 20.29, a PEG ratio of 0.54 and a beta of 1.17. Travel + Leisure Co. has a one year low of $47.61 and a one year high of $81.00. The company’s fifty day moving average is $68.92 and its two-hundred day moving average is $70.51.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, April 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.31 by $0.14. The company had revenue of $961.00 million for the quarter, compared to analyst estimates of $954.81 million. Travel + Leisure had a net margin of 5.85% and a negative return on equity of 48.06%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, sell-side analysts forecast that Travel + Leisure Co. will post 7.46 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 12th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, June 12th. Travel + Leisure’s payout ratio is presently 67.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Travel + Leisure from $80.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. The Goldman Sachs Group upgraded shares of Travel + Leisure from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Monday, June 1st. Citizens Jmp boosted their target price on shares of Travel + Leisure from $80.00 to $90.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 19th. Finally, Barclays decreased their target price on shares of Travel + Leisure from $78.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TNL. Danske Bank A S acquired a new position in shares of Travel + Leisure during the 3rd quarter worth $30,000. N.E.W. Advisory Services LLC acquired a new position in shares of Travel + Leisure during the 4th quarter worth $43,000. Assetmark Inc. raised its stake in shares of Travel + Leisure by 43.8% during the 1st quarter. Assetmark Inc. now owns 627 shares of the company’s stock worth $43,000 after buying an additional 191 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after buying an additional 715 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in shares of Travel + Leisure by 181.5% during the 3rd quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock worth $47,000 after buying an additional 510 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Company Profile

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.