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

Crossmark Global Holdings Inc. increased its holdings in Travel + Leisure Co. (NYSE:TNL - Free Report) by 53.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 68,355 shares of the company's stock after buying an additional 23,700 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.10% of Travel + Leisure worth $3,164,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TNL. Norges Bank bought a new stake in Travel + Leisure in the 4th quarter worth about $45,804,000. Nuveen Asset Management LLC increased its holdings in Travel + Leisure by 25.1% in the 4th quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company's stock worth $45,299,000 after buying an additional 180,059 shares in the last quarter. Invesco Ltd. increased its holdings in Travel + Leisure by 4.8% in the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after buying an additional 163,804 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in Travel + Leisure in the 4th quarter worth about $6,304,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Travel + Leisure by 15.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock worth $46,169,000 after buying an additional 122,173 shares in the last quarter. 87.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Travel + Leisure Stock Down 1.0%

NYSE TNL traded down $0.58 during trading hours on Friday, reaching $57.31. The company's stock had a trading volume of 509,851 shares, compared to its average volume of 651,305. The firm's 50-day moving average price is $50.36 and its 200-day moving average price is $49.96. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.55 and a beta of 1.38.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results 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 negative return on equity of 46.83% and a net margin of 10.77%. The company had revenue of $934.00 million for the quarter, compared to analysts' expectations of $933.08 million. During the same period in the previous year, the firm earned $0.97 EPS. The firm's revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.56 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.24 dividend on an annualized basis and a yield of 3.91%. Travel + Leisure's dividend payout ratio is presently 37.40%.

Insider Activity at Travel + Leisure

In other news, insider Jeffrey Myers sold 13,922 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $58.00, for a total transaction of $807,476.00. Following the sale, the insider directly owned 165,890 shares of the company's stock, valued at $9,621,620. This represents a 7.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denny Marie Post sold 5,500 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the sale, the director directly owned 4,477 shares in the company, valued at $224,745.40. This trade represents a 55.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,285 shares of company stock worth $1,474,767 over the last ninety days. Insiders own 3.75% 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.