Crossmark Global Holdings Inc. Has $2.25 Million Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

Crossmark Global Holdings Inc. raised its holdings in Travel + Leisure Co. (NYSE:TNL) by 25.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,655 shares of the company’s stock after purchasing an additional 9,033 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Travel + Leisure were worth $2,252,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TNL. Barclays PLC lifted its stake in shares of Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after acquiring an additional 100,440 shares during the last quarter. Versor Investments LP lifted its stake in shares of Travel + Leisure by 45.4% in the 3rd quarter. Versor Investments LP now owns 40,290 shares of the company’s stock valued at $1,857,000 after acquiring an additional 12,585 shares during the last quarter. FMR LLC lifted its stake in shares of Travel + Leisure by 28.5% in the 3rd quarter. FMR LLC now owns 261,599 shares of the company’s stock valued at $12,054,000 after acquiring an additional 58,008 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Travel + Leisure in the 4th quarter valued at $1,288,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Travel + Leisure by 4,532.8% in the 3rd quarter. International Assets Investment Management LLC now owns 5,374 shares of the company’s stock valued at $248,000 after acquiring an additional 5,258 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Trading Up 0.8 %

TNL stock opened at $53.61 on Friday. The stock has a 50-day moving average price of $52.65 and a 200-day moving average price of $48.10. Travel + Leisure Co. has a 1-year low of $39.20 and a 1-year high of $56.91. The firm has a market cap of $3.67 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 0.68 and a beta of 1.64.

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

Travel + Leisure Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on TNL shares. Truist Financial increased their price target on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Stifel Nicolaus raised their target price on Travel + Leisure from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Tigress Financial raised their target price on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, The Goldman Sachs Group raised their target price on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and an average target price of $59.50.

Insider Activity

In other news, insider Geoffrey Richards sold 5,009 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the sale, the insider now directly owns 125,209 shares in the company, valued at $6,530,901.44. This trade represents a 3.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 19,016 shares of company stock worth $1,042,863 in the last three months. Company insiders own 4.02% of the company’s stock.

Travel + Leisure 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.