Aaron Wealth Advisors LLC Makes New Investment in Travel + Leisure Co. $TNL

Aaron Wealth Advisors LLC purchased a new position in shares of Travel + Leisure Co. (NYSE:TNL – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,356 shares of the company’s stock, valued at approximately $225,000.

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A number of other institutional investors also recently bought and sold shares of the business. AQR Capital Management LLC increased its position in shares of Travel + Leisure by 28.3% during the first quarter. AQR Capital Management LLC now owns 1,827,453 shares of the company’s stock worth $83,241,000 after purchasing an additional 403,418 shares in the last quarter. Northern Trust Corp increased its position in shares of Travel + Leisure by 3.3% during the first quarter. Northern Trust Corp now owns 1,071,318 shares of the company’s stock worth $49,591,000 after purchasing an additional 34,615 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Travel + Leisure by 8.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 994,582 shares of the company’s stock worth $46,039,000 after purchasing an additional 79,430 shares in the last quarter. LSV Asset Management increased its position in shares of Travel + Leisure by 37.7% during the first quarter. LSV Asset Management now owns 956,109 shares of the company’s stock worth $44,258,000 after purchasing an additional 261,528 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Travel + Leisure during the first quarter worth about $41,114,000. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Price Performance

Shares of NYSE:TNL opened at $61.00 on Friday. The business’s 50 day simple moving average is $60.67 and its 200-day simple moving average is $52.41. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 0.60 and a beta of 1.44. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $64.11.

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

Travel + Leisure Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 12th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, September 12th. Travel + Leisure’s payout ratio is currently 38.62%.

Insider Activity

In related news, insider Jeffrey Myers sold 110,885 shares of Travel + Leisure stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $62.33, for a total transaction of $6,911,462.05. Following the completion of the transaction, the insider directly owned 142,553 shares in the company, valued at $8,885,328.49. The trade was a 43.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Geoffrey Richards sold 124,454 shares of Travel + Leisure stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $62.56, for a total value of $7,785,842.24. Following the transaction, the insider owned 118,718 shares of the company’s stock, valued at $7,426,998.08. This represents a 51.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 320,174 shares of company stock worth $19,765,874. 3.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on TNL shares. Wall Street Zen upgraded Travel + Leisure from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays lifted their target price on Travel + Leisure from $39.00 to $54.00 and gave the stock an “underweight” rating in a research report on Thursday, July 24th. Mizuho upgraded Travel + Leisure from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $63.00 to $72.00 in a research report on Thursday, July 24th. Finally, JMP Securities lifted their target price on Travel + Leisure from $60.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 24th. Eight investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.30.

View Our Latest Stock Report on TNL

Travel + Leisure Company Profile

(Free Report)

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.