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

Crossmark Global Holdings Inc. boosted its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 25.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,655 shares of the company's stock after acquiring an additional 9,033 shares during the quarter. Crossmark Global Holdings Inc. owned 0.07% of Travel + Leisure worth $2,252,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TNL. MassMutual Private Wealth & Trust FSB lifted its position in shares of Travel + Leisure by 314.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock valued at $33,000 after purchasing an additional 503 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after buying an additional 204 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Travel + Leisure in the fourth quarter valued at approximately $258,000. Oak Thistle LLC purchased a new stake in shares of Travel + Leisure during the fourth quarter valued at approximately $1,288,000. Finally, Oliver Luxxe Assets LLC lifted its holdings in Travel + Leisure by 4.1% during the fourth quarter. Oliver Luxxe Assets LLC now owns 41,603 shares of the company's stock worth $2,099,000 after acquiring an additional 1,648 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Trading Down 0.8 %

Shares of TNL traded down $0.43 during trading hours on Friday, reaching $53.15. 404,772 shares of the company's stock traded hands, compared to its average volume of 489,518. The firm's 50 day simple moving average is $52.65 and its 200-day simple moving average is $48.10. The stock has a market cap of $3.64 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.68 and a beta of 1.64. Travel + Leisure Co. has a 12 month low of $39.66 and a 12 month high of $56.91.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly 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 firm had revenue of $993.00 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company's revenue was up .7% compared to the same quarter last year. As a group, analysts expect that Travel + Leisure Co. will post 5.75 earnings per share for the current fiscal year.

Travel + Leisure Announces Dividend

The firm 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. This represents a $2.00 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Friday, December 13th. Travel + Leisure's dividend payout ratio is currently 33.96%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TNL. Morgan Stanley assumed coverage on shares of Travel + Leisure in a research note on Monday, January 6th. They set an "overweight" rating and a $67.00 price target for the company. Stifel Nicolaus lifted their price objective on Travel + Leisure from $59.00 to $66.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Tigress Financial upped their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a report on Friday, November 1st. Barclays raised their price objective on shares of Travel + Leisure from $41.00 to $48.00 and gave the stock an "underweight" rating in a report on Friday, December 13th. Finally, Truist Financial raised their price target on Travel + Leisure from $60.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.50.

Insider Transactions at Travel + Leisure

In related news, insider Geoffrey Richards sold 4,607 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total transaction of $249,929.75. Following the completion of the transaction, the insider now owns 120,602 shares in the company, valued at $6,542,658.50. This represents a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 19,016 shares of company stock worth $1,042,863. Company insiders own 4.02% of the company's stock.

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.