Travel + Leisure Co. $TNL Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Travel + Leisure Co. by 45.1%, owning approximately 0.09% of the company valued at $3,429,000 after acquiring additional shares.
• Analysts have raised their price targets for Travel + Leisure, with Barclays setting a target of $54.00 and JMP Securities increasing it to $70.00, while the average target is now $62.30.
• Travel + Leisure has announced a quarterly dividend of $0.56 per share, reflecting a 3.7% dividend yield, with the payment date scheduled for September 30th.

Wealth Enhancement Advisory Services LLC lifted its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 45.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,948 shares of the company's stock after acquiring an additional 18,930 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of Travel + Leisure worth $3,429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TNL. Two Sigma Investments LP boosted its stake in shares of 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 purchasing an additional 1,133 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Travel + Leisure by 14.8% in 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 valued at $13,782,000 after purchasing an additional 35,275 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Travel + Leisure by 405.4% in the fourth quarter. Mackenzie Financial Corp now owns 64,918 shares of the company's stock valued at $3,275,000 after purchasing an additional 52,072 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Travel + Leisure in the fourth quarter valued at $4,268,000. Finally, Versant Capital Management Inc boosted its stake in shares of Travel + Leisure by 844.9% in the first quarter. Versant Capital Management Inc now owns 6,019 shares of the company's stock valued at $279,000 after purchasing an additional 5,382 shares during the period. 87.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TNL shares. Barclays upped 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. JMP Securities upped their target price on shares of Travel + Leisure from $60.00 to $70.00 and gave the company a "market outperform" rating in a research note on Thursday, July 24th. Mizuho upgraded shares of Travel + Leisure from a "neutral" rating to an "outperform" rating and upped their target price for the company from $63.00 to $72.00 in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of Travel + Leisure from a "hold" rating to a "buy" rating in a research note on Saturday, September 20th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Travel + Leisure presently has an average rating of "Moderate Buy" and an average price target of $62.30.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, CAO Thomas Michael Duncan sold 8,201 shares of the stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $62.24, for a total transaction of $510,430.24. Following the sale, the chief accounting officer directly owned 20,000 shares of the company's stock, valued at approximately $1,244,800. This represents a 29.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George Herrera sold 2,200 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $60.48, for a total transaction of $133,056.00. Following the sale, the director directly owned 559 shares in the company, valued at $33,808.32. This trade represents a 79.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 320,174 shares of company stock valued at $19,765,874 in the last ninety days. 3.75% of the stock is owned by insiders.

Travel + Leisure Price Performance

NYSE TNL opened at $60.41 on Friday. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $64.11. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 0.58 and a beta of 1.44. The company's fifty day moving average price is $61.02 and its two-hundred day moving average price is $52.69.

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

Travel + Leisure Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.56 per share. 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 is 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.

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