Avanza Fonder AB purchased a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 76,393 shares of the company's stock, valued at approximately $1,904,000.
A number of other institutional investors have also made changes to their positions in CCL. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the third quarter valued at $25,000. Assetmark Inc. lifted its holdings in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock worth $31,000 after acquiring an additional 1,546 shares during the period. CVA Family Office LLC boosted its position in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock valued at $36,000 after acquiring an additional 1,205 shares in the last quarter. Morse Asset Management Inc bought a new stake in Carnival Co. & in the third quarter valued at about $46,000. Finally, Avior Wealth Management LLC raised its position in Carnival Co. & by 50.7% in the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company's stock worth $51,000 after purchasing an additional 924 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on CCL shares. Sanford C. Bernstein began coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a "market perform" rating and a $26.00 price objective on the stock. Citigroup upped their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. The Goldman Sachs Group lifted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Mizuho upped their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Finally, Macquarie lifted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & has an average rating of "Moderate Buy" and a consensus price target of $27.18.
Read Our Latest Research Report on Carnival Co. &
Insider Activity at Carnival Co. &
In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.00% of the stock is currently owned by corporate insiders.
Carnival Co. & Trading Up 3.2 %
CCL stock traded up $0.80 during midday trading on Friday, reaching $25.85. The stock had a trading volume of 21,334,660 shares, compared to its average volume of 17,923,508. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $27.17. The firm has a market cap of $29.83 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.77 and a beta of 2.64. The business has a fifty day simple moving average of $25.22 and a two-hundred day simple moving average of $20.63.
Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the firm posted ($0.07) earnings per share. Carnival Co. &'s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, research analysts expect that Carnival Co. & plc will post 1.74 EPS for the current fiscal year.
Carnival Co. & Company Profile
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Free Report)
Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.
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