Aaron Wealth Advisors LLC Buys Shares of 4,356 Travel + Leisure Co. $TNL

Key Points

• Aaron Wealth Advisors LLC has made a new investment in Travel + Leisure Co. by purchasing 4,356 shares valued at approximately $225,000 in the second quarter.
• The company reported an earnings miss for the quarter with EPS of $1.65, falling short of the expected $1.66, although revenue increased to $1.02 billion.
• Travel + Leisure declares a quarterly dividend of $0.56 per share with a dividend yield of 3.7%, scheduled for payment on September 30th.

Aaron Wealth Advisors LLC bought a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,356 shares of the company's stock, valued at approximately $225,000.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers increased its stake in Travel + Leisure by 22.5% in the fourth quarter. Cetera Investment Advisers now owns 10,472 shares of the company's stock valued at $528,000 after acquiring an additional 1,926 shares during the last quarter. Millennium Management LLC lifted its holdings in Travel + Leisure by 167.8% in the fourth quarter. Millennium Management LLC now owns 180,160 shares of the company's stock valued at $9,089,000 after buying an additional 112,883 shares during the period. Two Sigma Investments LP lifted its holdings in Travel + Leisure by 5.6% in the fourth quarter. Two Sigma Investments LP now owns 21,306 shares of the company's stock valued at $1,075,000 after buying an additional 1,133 shares during the period. Voloridge Investment Management LLC bought a new stake in Travel + Leisure in the fourth quarter valued at $6,304,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Travel + Leisure by 14.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 273,176 shares of the company's stock worth $13,782,000 after acquiring an additional 35,275 shares in the last quarter. 87.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TNL has been the topic of a number of research analyst reports. Barclays boosted their target price on shares of Travel + Leisure from $39.00 to $54.00 and gave the company an "underweight" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of Travel + Leisure from a "hold" rating to a "buy" rating in a research report on Saturday. Mizuho raised shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their target price for the company from $63.00 to $72.00 in a report on Thursday, July 24th. Finally, JMP Securities raised their price target on shares of Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $62.30.

Insiders Place Their Bets

In other Travel + Leisure news, insider Geoffrey Richards sold 124,454 shares of Travel + Leisure stock in a transaction on Friday, July 25th. The shares were sold at an average price of $62.56, for a total value of $7,785,842.24. Following the completion of the transaction, the insider directly owned 118,718 shares of the company's stock, valued at $7,426,998.08. This trade represents a 51.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director George Herrera sold 2,200 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total transaction of $133,056.00. Following the completion of the sale, the director owned 559 shares of the company's stock, valued at $33,808.32. This trade represents a 79.74% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 320,174 shares of company stock worth $19,765,874. Insiders own 3.75% of the company's stock.

Travel + Leisure Stock Performance

Shares of TNL traded down $0.51 during mid-day trading on Friday, hitting $61.00. 1,391,414 shares of the company traded hands, compared to its average volume of 582,396. The stock has a 50-day moving average price of $60.67 and a two-hundred day moving average price of $52.39. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $64.11. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 0.59 and a beta of 1.44.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. Travel + Leisure had a negative return on equity of 47.47% and a net margin of 10.14%.The business's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 earnings per share. On average, analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 12th. Travel + Leisure's dividend payout ratio (DPR) is presently 38.62%.

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.