Abich Financial Wealth Management LLC Acquires 931 Shares of Travel + Leisure Co. (NYSE:TNL)

Abich Financial Wealth Management LLC raised its position in Travel + Leisure Co. (NYSE:TNL) by 10,344.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 940 shares of the company’s stock after buying an additional 931 shares during the period. Abich Financial Wealth Management LLC’s holdings in Travel + Leisure were worth $46,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in TNL. Raymond James & Associates grew its holdings in shares of Travel + Leisure by 9.5% in the 4th quarter. Raymond James & Associates now owns 33,094 shares of the company’s stock valued at $1,294,000 after buying an additional 2,865 shares during the period. International Assets Investment Management LLC raised its position in shares of Travel + Leisure by 3,808.7% during the fourth quarter. International Assets Investment Management LLC now owns 4,495 shares of the company’s stock worth $176,000 after purchasing an additional 4,380 shares during the period. Allworth Financial LP lifted its holdings in shares of Travel + Leisure by 147.5% during the 4th quarter. Allworth Financial LP now owns 698 shares of the company’s stock valued at $27,000 after purchasing an additional 416 shares in the last quarter. Arlington Trust Co LLC bought a new stake in Travel + Leisure during the 4th quarter worth approximately $53,000. Finally, Round Rock Advisors LLC acquired a new stake in Travel + Leisure during the 4th quarter worth approximately $366,000. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Travel + Leisure from $44.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. increased their target price on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Finally, Tigress Financial increased their price objective on Travel + Leisure from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.25.

Travel + Leisure Trading Down 3.5 %

Shares of Travel + Leisure stock traded down $1.54 on Friday, reaching $42.50. 680,719 shares of the company were exchanged, compared to its average volume of 689,700. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.59 and a beta of 1.63. The company has a 50-day moving average of $44.96 and a 200 day moving average of $44.47. Travel + Leisure Co. has a one year low of $32.10 and a one year high of $49.91.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The business had revenue of $985.00 million during the quarter, compared to analysts’ expectations of $987.20 million. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. Travel + Leisure’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. Analysts predict that Travel + Leisure Co. will post 5.61 earnings per share for the current year.

Travel + Leisure Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 4.71%. Travel + Leisure’s dividend payout ratio (DPR) is presently 36.83%.

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.