Travel + Leisure Co. to Issue Quarterly Dividend of $0.40 (NYSE:TNL)

Travel + Leisure Co. (NYSE:TNL – Get Rating) declared a quarterly dividend on Wednesday, May 18th, Zacks reports. Investors of record on Wednesday, June 15th will be paid a dividend of 0.40 per share on Thursday, June 30th. This represents a $1.60 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Tuesday, June 14th.

Shares of TNL stock opened at $48.00 on Friday. Travel + Leisure has a 1-year low of $46.10 and a 1-year high of $66.56. The stock’s fifty day moving average price is $53.97 and its 200 day moving average price is $54.49. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 12.70 and a beta of 1.67.

Travel + Leisure (NYSE:TNL – Get Rating) last announced its earnings results on Thursday, April 28th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.03). Travel + Leisure had a negative return on equity of 40.92% and a net margin of 9.98%. The business had revenue of $809.00 million for the quarter, compared to analysts’ expectations of $772.11 million. During the same quarter last year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 28.8% compared to the same quarter last year. Sell-side analysts predict that Travel + Leisure will post 4.54 EPS for the current year.

In other Travel + Leisure news, Director George Herrera sold 2,189 shares of the company’s stock in a transaction on Friday, March 18th. The shares were sold at an average price of $58.50, for a total transaction of $128,056.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider James J. Savina sold 5,500 shares of the stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $57.19, for a total transaction of $314,545.00. Following the completion of the sale, the insider now directly owns 13,659 shares in the company, valued at $781,158.21. The disclosure for this sale can be found here. Corporate insiders own 2.07% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of TNL. Penserra Capital Management LLC acquired a new position in shares of Travel + Leisure during the first quarter valued at $31,000. Lazard Asset Management LLC bought a new position in Travel + Leisure during the first quarter worth $34,000. Neo Ivy Capital Management bought a new position in Travel + Leisure during the 4th quarter valued at about $94,000. First Manhattan Co. acquired a new stake in Travel + Leisure in the 1st quarter valued at about $225,000. Finally, Beacon Pointe Advisors LLC acquired a new position in Travel + Leisure during the first quarter valued at approximately $230,000. Institutional investors own 87.70% of the company’s stock.

Several analysts have weighed in on the company. Zacks Investment Research downgraded Travel + Leisure from a “buy” rating to a “hold” rating in a research note on Thursday, January 20th. Jefferies Financial Group upgraded Travel + Leisure from a “hold” rating to a “buy” rating and boosted their price target for the company from $62.00 to $79.00 in a research note on Friday, April 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $74.00.

About Travel + Leisure (Get Rating)

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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

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