Geoffrey Richards Sells 4,607 Shares of Travel + Leisure Co. (NYSE:TNL) Stock

Travel + Leisure Co. (NYSE:TNL) insider Geoffrey Richards sold 4,607 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $54.25, for a total transaction of $249,929.75. Following the completion of the sale, the insider now directly owns 120,602 shares of the company’s stock, valued at $6,542,658.50. This trade represents a 3.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Geoffrey Richards also recently made the following trade(s):

• On Wednesday, November 6th, Geoffrey Richards sold 5,009 shares of Travel + Leisure stock. The shares were sold at an average price of $52.16, for a total transaction of $261,269.44.

Travel + Leisure Trading Down 0.5 %

TNL stock traded down $0.29 during mid-day trading on Friday, hitting $53.64. The stock had a trading volume of 25,865 shares, compared to its average volume of 586,245. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 0.77 and a beta of 1.61. Travel + Leisure Co. has a 1-year low of $35.41 and a 1-year high of $54.79. The company has a fifty day moving average of $46.78 and a 200 day moving average of $45.23.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.08. The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a net margin of 10.99% and a negative return on equity of 48.06%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.54 earnings per share. As a group, sell-side analysts expect that Travel + Leisure Co. will post 5.77 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.73%. Travel + Leisure’s dividend payout ratio is currently 33.96%.

Institutional Trading of Travel + Leisure

Several large investors have recently modified their holdings of the company. Copeland Capital Management LLC raised its stake in shares of Travel + Leisure by 0.9% in the third quarter. Copeland Capital Management LLC now owns 1,553,470 shares of the company’s stock valued at $71,584,000 after purchasing an additional 13,870 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Travel + Leisure by 4.2% in the 2nd 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Travel + Leisure by 21.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock worth $36,540,000 after acquiring an additional 138,153 shares during the period. LSV Asset Management boosted its position in shares of Travel + Leisure by 23.1% during the 2nd quarter. LSV Asset Management now owns 725,381 shares of the company’s stock valued at $32,628,000 after acquiring an additional 136,281 shares in the last quarter. Finally, Swedbank AB bought a new position in Travel + Leisure during the first quarter worth about $33,598,000. 87.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TNL has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Tigress Financial upped their target price on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their target price on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, Barclays lifted their target price on Travel + Leisure from $40.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $55.67.

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.