Crossmark Global Holdings Inc. Purchases 23,700 Shares of Travel + Leisure Co. (NYSE:TNL)

Crossmark Global Holdings Inc. increased its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 53.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,355 shares of the company's stock after buying an additional 23,700 shares during the period. Crossmark Global Holdings Inc. owned 0.10% of Travel + Leisure worth $3,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TNL. Smartleaf Asset Management LLC boosted its position in shares of Travel + Leisure by 30.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after purchasing an additional 181 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Travel + Leisure in the 4th quarter valued at $25,000. Charles Schwab Investment Management Inc. increased its position in shares of Travel + Leisure by 15.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock valued at $46,169,000 after buying an additional 122,173 shares in the last quarter. Atria Investments Inc increased its position in shares of Travel + Leisure by 25.1% in the 4th quarter. Atria Investments Inc now owns 6,689 shares of the company's stock valued at $337,000 after buying an additional 1,344 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Travel + Leisure in the 4th quarter valued at $1,570,000. 87.54% of the stock is owned by institutional investors.

Insider Activity at Travel + Leisure

In other news, Director Denny Marie Post sold 5,500 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $50.20, for a total transaction of $276,100.00. Following the completion of the transaction, the director directly owned 4,477 shares in the company, valued at $224,745.40. This represents a 55.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.75% of the stock is currently owned by corporate insiders.

Travel + Leisure Stock Performance

NYSE TNL traded down $0.16 on Wednesday, reaching $56.41. The company had a trading volume of 648,319 shares, compared to its average volume of 650,477. The company's fifty day moving average is $49.85 and its 200-day moving average is $49.86. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.54 and a beta of 1.38.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. Travel + Leisure had a net margin of 10.77% and a negative return on equity of 46.83%. The company had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. During the same period in the prior year, the business posted $0.97 EPS. The company's quarterly revenue was up 2.0% on a year-over-year basis. On average, research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.56 per share. The ex-dividend date was Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 3.97%. Travel + Leisure's dividend payout ratio is 37.40%.

Analysts Set New Price Targets

A number of analysts recently commented on TNL shares. Barclays lowered their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Morgan Stanley lowered their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group lowered their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

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.