Travel & Leisure Co. (NYSE:TNL) said Amandine Robin-Caplan, the company’s chief brand and communications officer, sold a total of 3,246 shares of the company’s common stock. Transactions that took place on September 12, 2024 resulted in a total value of approximately $135,799, with the shares sold at a weighted average price of $41,836.
Sales were made in several transactions at prices ranging from $41.83 to $41.84 per share. In accordance with regulatory standards, Robin-Caplan agreed to provide details on the number of shares traded at each price point in that range upon request.
After the sale, it was noted that Robin-Caplan still owned Travel & Leisure Co., previously reported as restricted stock units. directly owns 24,491 shares. This indicates continued interest in the company despite recent sales.
Investors and the market often closely monitor insider trading because they can inform executives’ perspectives on a company’s current valuation and future prospects. Disclosure of this sale was made in accordance with SEC requirements to ensure transparency and allow stockholders to be aware of significant changes in insider ownership.
Travel & Leisure Co., known for its offerings in the hotel and motel industry. It operates under the corporate name “05 Real Estate & Construction” and is incorporated in Delaware. Formerly Wyndham Destinations (NYSE:), Inc. known as is headquartered at 6277 Sea Harbor Drive, Orlando, Florida.
In other breaking news, Travel + Leisure Co. reported a strong Q2 performance with revenue up 4% to $985 million and adjusted EBITDA rising to $244 million. This increase is attributed to its vacation ownership business and strategic partnerships, which lead to an increase in its full-year adjusted EBITDA guidance from $915 million to $935 million. Truist Securities cut its price target to $60 from $65 previously, while maintaining a Buy rating on the stock. This revision is based on updated earnings forecasts and a lower multiple used in the firm’s analysis. In addition, Travel + Leisure declared a regular cash dividend of $0.50 per share, which is scheduled to be paid to shareholders on September 13, 2024. Wyndham Hotels & Resorts, Inc. also declared a quarterly cash dividend of $0.38 per share payable to shareholders. recorded on the same date. Analysts expect a slight headwind in the first half of next year, followed by a tailwind in 2026, despite a slight increase in loan loss provisions and lower transactions in the Travel and Membership segment.
InvestingPro Insights
Travel & Leisure Co. (NYSE:TNL) has been reeling in the current market, a recent insider transaction involving Chief Brand and Communications Officer Amandine Robin-Caplan caught the attention of investors. InvestingPro data and advice offer valuable insights to provide a broader context about a company’s financial health and market performance.
InvestingPro data highlights that Travel & Leisure Co. has a market cap of $2.99 ​​billion, which is evidence of its significant presence in the hotel and motel industry. The company also boasts a favorable Price-to-Earnings (P/E) ratio of 7.08, indicating that the stock may be undervalued relative to its earnings. This is further supported by a PEG ratio of 0.24 for the trailing twelve months to Q2 2024, indicating upside potential relative to the P/E ratio. In addition, Travel & Leisure Co. has maintained a solid dividend yield of 4.79%, rewarding its shareholders with consistent returns.
Two InvestingPro Tips can provide guidance for those evaluating investment decisions. The company is known for its aggressive share buyback strategy, which can indicate confidence in the company’s value by management. Moreover, Travel & Leisure Co. It is notable for its high shareholder return, which includes dividends and buybacks that provide strong returns to investors. For those interested in a deeper dive, there are many additional InvestingPro Tips at https://www.investing.com/pro/TNL that can provide additional insight into investment strategies.
Travel & Leisure Co.’s financials and strategic moves suggest a company focused on shareholder value, with a stable financial base and a commitment to returning capital through dividends and share buybacks. As the market processes internal transactions, such as Robin-Caplan’s recent sale, these broader metrics provide a more comprehensive picture of a company’s performance and potential.
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