Travel + Leisure Co. (NYSE:TNL) Director Stephen P. Holmes Sells 80,000 Shares

Travel + Leisure Co. (NYSE:TNL) Director Stephen P. Holmes sold 80,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the transaction, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Travel + Leisure Stock Performance

TNL stock opened at $47.51 on Monday. The firm has a market cap of $3.39 billion, a P/E ratio of 8.75, a P/E/G ratio of 0.62 and a beta of 1.62. The firm’s fifty day moving average is $44.66 and its 200 day moving average is $44.61. Travel + Leisure Co. has a 52 week low of $32.26 and a 52 week high of $49.91.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.54 earnings per share. As a group, analysts forecast that Travel + Leisure Co. will post 5.67 EPS for the current year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 4.21%. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TNL shares. Deutsche Bank Aktiengesellschaft reduced their target price on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. The Goldman Sachs Group upped their price objective on shares of Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays lifted their target price on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday. Tigress Financial increased their price target on shares of Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Travel + Leisure by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after acquiring an additional 466,640 shares in the last quarter. Copeland Capital Management LLC lifted its position in Travel + Leisure by 0.9% in the 3rd quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company’s stock valued at $71,584,000 after acquiring an additional 13,870 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Travel + Leisure by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,412,870 shares of the company’s stock valued at $63,547,000 after buying an additional 57,587 shares during the last quarter. LSV Asset Management raised its position in Travel + Leisure by 23.1% in the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company’s stock worth $32,628,000 after buying an additional 136,281 shares during the last quarter. Finally, Swedbank AB bought a new position in Travel + Leisure during the 1st quarter valued at about $33,598,000. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Company Profile

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.