Travel + Leisure Co. (NYSE:TNL) Director Sells $296,524.80 in Stock

Travel + Leisure Co. (NYSE:TNL - Get Free Report) Director George Herrera sold 6,336 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now directly owns 2,759 shares in the company, valued at approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Travel + Leisure Price Performance

NYSE TNL traded up $1.39 on Monday, reaching $48.57. 300,417 shares of the company's stock traded hands, compared to its average volume of 576,058. The stock has a market cap of $3.24 billion, a PE ratio of 8.32, a P/E/G ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a 12 month low of $39.91 and a 12 month high of $58.95. The stock has a 50-day simple moving average of $53.37 and a 200 day simple moving average of $50.80.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.68 by $0.04. The company had revenue of $971.00 million for the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.98 EPS. As a group, analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

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Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's payout ratio is 38.36%.

Institutional Investors Weigh In On Travel + Leisure

Several institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp bought a new stake in Travel + Leisure in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc increased its stake in shares of Travel + Leisure by 49.2% in the fourth quarter. Versant Capital Management Inc now owns 637 shares of the company's stock worth $32,000 after buying an additional 210 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Travel + Leisure by 314.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after buying an additional 503 shares during the last quarter. Natixis purchased a new stake in Travel + Leisure during the 4th quarter valued at $37,000. Finally, UMB Bank n.a. grew its holdings in Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after acquiring an additional 204 shares during the last quarter. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TNL. Barclays upped their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, February 20th. Truist Financial upped their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group lifted their price target on Travel + Leisure from $49.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Morgan Stanley assumed coverage on Travel + Leisure in a report on Monday, January 6th. They set an "overweight" rating and a $67.00 price objective for the company. Finally, Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and raised their target price for the company from $40.00 to $60.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $63.70.

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.