Travel + Leisure Co. (NYSE:TNL) Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. increased its position in Travel + Leisure Co. (NYSE:TNL) by 25.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,622 shares of the company’s stock after purchasing an additional 7,205 shares during the period. Crossmark Global Holdings Inc. owned 0.05% of Travel + Leisure worth $1,642,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TNL. UMB Bank n.a. raised its stake in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after acquiring an additional 526 shares during the period. Versant Capital Management Inc bought a new position in Travel + Leisure during the 2nd quarter worth $27,000. Allspring Global Investments Holdings LLC increased its position in Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after buying an additional 607 shares during the period. Family Firm Inc. bought a new stake in Travel + Leisure in the second quarter valued at $31,000. Finally, Larson Financial Group LLC acquired a new position in shares of Travel + Leisure during the second quarter valued at $36,000. 87.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TNL has been the topic of several recent research reports. Truist Financial cut their price objective on shares of Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Tigress Financial increased their price objective on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays lifted their target price on Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Travel + Leisure from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.67.

Travel + Leisure Price Performance

TNL stock opened at $53.72 on Thursday. The firm has a market cap of $3.67 billion, a PE ratio of 9.12, a P/E/G ratio of 0.77 and a beta of 1.61. Travel + Leisure Co. has a 12 month low of $35.41 and a 12 month high of $54.59. The firm has a 50 day simple moving average of $46.58 and a 200 day simple moving average of $45.17.

Travel + Leisure (NYSE:TNL) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.08. The business had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $1.54 EPS. As a group, sell-side analysts expect that Travel + Leisure Co. will post 5.77 earnings per share for the current year.

Travel + Leisure Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s payout ratio is 33.96%.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, insider Geoffrey Richards sold 5,009 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $52.16, for a total transaction of $261,269.44. Following the sale, the insider now directly owns 125,209 shares of the company’s stock, valued at $6,530,901.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Travel + Leisure news, insider Geoffrey Richards sold 5,009 shares of Travel + Leisure stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total transaction of $261,269.44. Following the transaction, the insider now owns 125,209 shares of the company’s stock, valued at $6,530,901.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George Herrera sold 2,193 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $42.48, for a total transaction of $93,158.64. Following the transaction, the director now directly owns 6,352 shares in the company, valued at $269,832.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 90,448 shares of company stock valued at $4,294,241 over the last ninety days. Corporate insiders own 4.02% of the company’s stock.

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.