George Herrera Sells 2,969 Shares of Travel + Leisure Co. (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNLGet Free Report) Director George Herrera sold 2,969 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the transaction, the director now directly owns 2,193 shares in the company, valued at approximately $99,408.69. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Travel + Leisure Price Performance

TNL opened at $46.67 on Wednesday. The business’s 50-day moving average price is $42.26 and its two-hundred day moving average price is $38.82. Travel + Leisure Co. has a 1 year low of $32.10 and a 1 year high of $46.73. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 1.24 and a beta of 1.61.

Travel + Leisure (NYSE:TNLGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.61. Travel + Leisure had a negative return on equity of 43.77% and a net margin of 10.59%. The firm had revenue of $935.00 million for the quarter, compared to the consensus estimate of $946.56 million. During the same quarter last year, the business posted $1.30 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. Sell-side analysts anticipate that Travel + Leisure Co. will post 5.4 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Thursday, March 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.29%. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.45. Travel + Leisure’s payout ratio is currently 33.83%.

Institutional Trading of Travel + Leisure

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Travel + Leisure by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after acquiring an additional 466,640 shares during the last quarter. BlackRock Inc. increased its position in shares of Travel + Leisure by 13.9% in the first quarter. BlackRock Inc. now owns 9,806,796 shares of the company’s stock valued at $568,206,000 after acquiring an additional 1,197,611 shares during the last quarter. Invesco Ltd. increased its position in shares of Travel + Leisure by 11.8% in the first quarter. Invesco Ltd. now owns 6,057,641 shares of the company’s stock valued at $350,980,000 after acquiring an additional 636,968 shares during the last quarter. State Street Corp increased its position in shares of Travel + Leisure by 3.0% in the second quarter. State Street Corp now owns 2,515,891 shares of the company’s stock valued at $97,667,000 after acquiring an additional 74,254 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Travel + Leisure by 34.7% in the third quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company’s stock valued at $63,830,000 after acquiring an additional 447,938 shares during the last quarter. Institutional investors and hedge funds own 87.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group upgraded Travel + Leisure from a “hold” rating to a “buy” rating and raised their price target for the stock from $37.00 to $57.00 in a research report on Tuesday, January 2nd. Truist Financial raised their price target on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. JMP Securities assumed coverage on Travel + Leisure in a report on Tuesday, February 13th. They set an “outperform” rating and a $50.00 target price on the stock. Finally, Barclays lifted their target price on Travel + Leisure from $37.00 to $44.00 and gave the stock an “equal weight” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.43.

Read Our Latest Research Report on TNL

About Travel + Leisure

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Travel + Leisure (NYSE:TNL)

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