Travel + Leisure Co. (NYSE:TNL) Director George Herrera Sells 834 Shares

Travel + Leisure Co. (NYSE:TNL) Director George Herrera sold 834 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $38.09, for a total value of $31,767.06. Following the sale, the director now owns 5,838 shares in the company, valued at $222,369.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Travel + Leisure Price Performance

Shares of TNL stock traded down $0.58 on Monday, hitting $37.95. 532,970 shares of the stock traded hands, compared to its average volume of 713,635. The company’s fifty day moving average is $40.57 and its 200 day moving average is $39.36. Travel + Leisure Co. has a 1-year low of $33.57 and a 1-year high of $44.99. The company has a market capitalization of $2.81 billion, a PE ratio of 8.45, a PEG ratio of 0.50 and a beta of 1.68.

Travel + Leisure (NYSE:TNL) last issued its earnings results on Wednesday, July 26th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.01. Travel + Leisure had a net margin of 9.93% and a negative return on equity of 40.25%. The company had revenue of $949.00 million for the quarter, compared to analysts’ expectations of $952.77 million. During the same period in the prior year, the company earned $1.27 earnings per share. The firm’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts expect that Travel + Leisure Co. will post 5.29 EPS for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.45 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.80 dividend on an annualized basis and a yield of 4.74%. Travel + Leisure’s payout ratio is currently 39.47%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial lowered their price target on shares of Travel + Leisure from $67.00 to $66.00 and set a “buy” rating for the company in a report on Friday, August 11th. TheStreet raised Travel + Leisure from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th. Barclays lowered their price objective on Travel + Leisure from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Thursday, July 27th. Finally, Tigress Financial initiated coverage on Travel + Leisure in a research report on Thursday, August 24th. They issued a “buy” rating and a $52.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.00.

Hedge Funds Weigh In On Travel + Leisure

Several institutional investors have recently made changes to their positions in the stock. Cetera Advisor Networks LLC increased its holdings in shares of Travel + Leisure by 3.7% in the 1st quarter. Cetera Advisor Networks LLC now owns 6,652 shares of the company’s stock worth $385,000 after acquiring an additional 235 shares during the period. LPL Financial LLC increased its stake in shares of Travel + Leisure by 0.7% in the second quarter. LPL Financial LLC now owns 34,634 shares of the company’s stock valued at $1,344,000 after purchasing an additional 236 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Travel + Leisure by 2.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 11,728 shares of the company’s stock valued at $460,000 after purchasing an additional 257 shares during the period. Prudential Financial Inc. raised its holdings in shares of Travel + Leisure by 3.8% during the first quarter. Prudential Financial Inc. now owns 7,157 shares of the company’s stock valued at $414,000 after buying an additional 259 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Travel + Leisure by 2.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,944 shares of the company’s stock worth $398,000 after buying an additional 260 shares in the last quarter. 87.06% of the stock is owned by institutional investors.

Travel + Leisure Company Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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.