Crossmark Global Holdings Inc. Buys 9,033 Shares of Travel + Leisure Co. (NYSE:TNL)

Crossmark Global Holdings Inc. lifted its stake in Travel + Leisure Co. (NYSE:TNL) by 25.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,655 shares of the company’s stock after purchasing an additional 9,033 shares during the period. Crossmark Global Holdings Inc. owned 0.07% of Travel + Leisure worth $2,252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Travel + Leisure by 1,948.1% in the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 526 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company’s stock worth $32,000 after purchasing an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company’s stock worth $33,000 after purchasing an additional 503 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Travel + Leisure in the 3rd quarter worth $43,000. Finally, Capital Performance Advisors LLP bought a new position in Travel + Leisure during the third quarter worth about $44,000. 87.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the sale, the insider now owns 111,202 shares in the company, valued at $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have sold 19,016 shares of company stock worth $1,042,863. Corporate insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Performance

TNL opened at $53.61 on Friday. Travel + Leisure Co. has a 52-week low of $39.20 and a 52-week high of $56.91. The firm has a market capitalization of $3.67 billion, a PE ratio of 9.10, a PEG ratio of 0.68 and a beta of 1.64. The business’s 50-day simple moving average is $52.65 and its 200 day simple moving average is $48.10.

Travel + Leisure (NYSE:TNL) last released its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.08. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business had revenue of $993.00 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. Travel + Leisure’s revenue was up .7% on a year-over-year basis. On average, research analysts forecast that Travel + Leisure Co. will post 5.75 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, December 13th. This represents a $2.00 annualized dividend and a yield of 3.73%. Travel + Leisure’s payout ratio is presently 33.96%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays boosted their target price on Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a research note on Friday, December 13th. Stifel Nicolaus boosted their target price on Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial boosted their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley assumed coverage on Travel + Leisure in a research note on Monday, January 6th. They issued an “overweight” rating and a $67.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on Travel + Leisure from $56.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Travel + Leisure presently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

About Travel + Leisure

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.