Wealth Enhancement Advisory Services LLC Has $1.67 Million Stock Position in Travel + Leisure Co. (NYSE:TNL)

Wealth Enhancement Advisory Services LLC increased its stake in Travel + Leisure Co. (NYSE:TNL – Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,068 shares of the company’s stock after purchasing an additional 445 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Travel + Leisure were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Travel + Leisure in the fourth quarter worth approximately $34,967,000. Vanguard Group Inc. grew its position in Travel + Leisure by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock worth $419,136,000 after purchasing an additional 466,640 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Travel + Leisure by 1,025.0% in the first quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock valued at $9,627,000 after purchasing an additional 179,149 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Travel + Leisure by 87.9% in the fourth quarter. Retirement Systems of Alabama now owns 281,799 shares of the company’s stock worth $11,016,000 after buying an additional 131,796 shares during the period. Finally, Bank of Nova Scotia purchased a new position in shares of Travel + Leisure during the fourth quarter valued at $4,496,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays raised their price objective on Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. Mizuho initiated coverage on shares of Travel + Leisure in a research report on Tuesday, March 26th. They set a “neutral” rating and a $55.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.83.

Read Our Latest Analysis on Travel + Leisure

Travel + Leisure Stock Down 0.7 %

TNL stock opened at $43.10 on Friday. The firm has a 50 day moving average of $44.38 and a two-hundred day moving average of $43.50. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.02. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 2.43 and a beta of 1.63.

Travel + Leisure (NYSE:TNL – Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. Travel + Leisure had a net margin of 10.54% and a negative return on equity of 44.34%. The firm had revenue of $916.00 million for the quarter, compared to the consensus estimate of $904.54 million. During the same period in the prior year, the business posted $0.89 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that Travel + Leisure Co. will post 5.53 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 annualized dividend and a yield of 4.64%. Travel + Leisure’s dividend payout ratio (DPR) is currently 36.83%.

About Travel + Leisure

(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.

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