George Herrera Sells 6,336 Shares of Travel + Leisure Co. (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 6,336 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now owns 2,759 shares in the company, valued at approximately $129,121.20. This trade represents a 69.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Travel + Leisure Stock Performance

TNL opened at $47.12 on Friday. Travel + Leisure Co. has a one year low of $39.91 and a one year high of $58.95. The business’s fifty day moving average is $53.37 and its two-hundred day moving average is $50.70. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 0.67 and a beta of 1.61.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. The firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.98 earnings per share. On average, analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.56 dividend. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Monday, March 17th. Travel + Leisure’s payout ratio is currently 38.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TNL shares. JPMorgan Chase & Co. increased their price target on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Tigress Financial increased their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, March 6th. Stifel Nicolaus raised their price objective on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays raised their target price on Travel + Leisure from $48.00 to $54.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $64.00 target price (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $63.70.

Institutional Trading of Travel + Leisure

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Travel + Leisure in the fourth quarter valued at approximately $45,804,000. Algert Global LLC boosted its position in shares of Travel + Leisure by 168.9% during the third quarter. Algert Global LLC now owns 319,279 shares of the company’s stock worth $14,712,000 after buying an additional 200,549 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Travel + Leisure by 25.1% during the fourth quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company’s stock worth $45,299,000 after buying an additional 180,059 shares during the period. Invesco Ltd. boosted its position in shares of Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company’s stock worth $178,822,000 after buying an additional 163,804 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Travel + Leisure by 21.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after buying an additional 138,153 shares during the period. 87.54% of the stock is owned by institutional investors.

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.