Crossmark Global Holdings Inc. Sells 13,523 Shares of Travel + Leisure Co. $TNL

Crossmark Global Holdings Inc. reduced its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 17.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,785 shares of the company’s stock after selling 13,523 shares during the period. Crossmark Global Holdings Inc.’s holdings in Travel + Leisure were worth $3,795,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TNL. Hillsdale Investment Management Inc. bought a new stake in shares of Travel + Leisure during the 2nd quarter valued at $27,000. CNB Bank bought a new position in Travel + Leisure in the 3rd quarter worth $32,000. Parkside Financial Bank & Trust raised its holdings in Travel + Leisure by 155.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 628 shares of the company’s stock worth $32,000 after purchasing an additional 382 shares during the period. CENTRAL TRUST Co lifted its position in Travel + Leisure by 181.5% during the third quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after purchasing an additional 510 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in Travel + Leisure by 13,383.3% during the third quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock valued at $48,000 after purchasing an additional 803 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TNL. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a research report on Thursday, February 19th. Truist Financial lifted their price objective on Travel + Leisure from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $90.00 target price on shares of Travel + Leisure in a research note on Friday, February 20th. Wells Fargo & Company lifted their price target on shares of Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.90.

Travel + Leisure Stock Performance

NYSE TNL opened at $73.13 on Friday. The stock has a 50 day moving average price of $72.77 and a 200-day moving average price of $67.18. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $81.00. The company has a market capitalization of $4.56 billion, a P/E ratio of 21.45, a P/E/G ratio of 0.55 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share for the quarter, hitting the consensus estimate of $1.83. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. Travel + Leisure had a net margin of 5.74% and a negative return on equity of 47.77%. Travel + Leisure’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.72 earnings per share. As a group, equities analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Amandine Robin-Caplan sold 3,904 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $74.61, for a total value of $291,277.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Dean Brown sold 66,860 shares of Travel + Leisure stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $74.03, for a total value of $4,949,645.80. Following the completion of the transaction, the insider owned 427,821 shares of the company’s stock, valued at approximately $31,671,588.63. This represents a 13.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 96,702 shares of company stock valued at $7,182,383 over the last three months. Corporate insiders own 3.75% of the company’s stock.

About Travel + Leisure

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.