Janney Montgomery Scott LLC Has $9.31 Million Position in Carnival Co. & plc (NYSE:CCL)

Janney Montgomery Scott LLC cut its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 503,682 shares of the company's stock after selling 25,252 shares during the quarter. Janney Montgomery Scott LLC's holdings in Carnival Co. & were worth $9,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCL. Private Advisor Group LLC grew its position in Carnival Co. & by 4.0% in the first quarter. Private Advisor Group LLC now owns 71,195 shares of the company's stock worth $1,163,000 after buying an additional 2,760 shares during the last quarter. Texas Permanent School Fund Corp raised its position in shares of Carnival Co. & by 0.4% during the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company's stock worth $3,379,000 after purchasing an additional 729 shares during the period. Empowered Funds LLC lifted its holdings in shares of Carnival Co. & by 29.4% during the first quarter. Empowered Funds LLC now owns 16,467 shares of the company's stock valued at $269,000 after purchasing an additional 3,741 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Carnival Co. & by 224.5% in the 1st quarter. SG Americas Securities LLC now owns 1,006,321 shares of the company's stock valued at $16,443,000 after purchasing an additional 696,250 shares during the period. Finally, Illinois Municipal Retirement Fund increased its stake in Carnival Co. & by 123.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 75,193 shares of the company's stock worth $1,229,000 after purchasing an additional 41,489 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Up 1.1 %

Shares of CCL stock traded up $0.27 during trading hours on Friday, hitting $23.95. 11,317,074 shares of the company were exchanged, compared to its average volume of 29,775,191. Carnival Co. & plc has a 52 week low of $12.23 and a 52 week high of $24.41. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The business has a 50 day moving average of $19.18 and a two-hundred day moving average of $17.19. The company has a market capitalization of $27.64 billion, a PE ratio of 21.44 and a beta of 2.66.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm had revenue of $7.90 billion during the quarter, compared to analysts' expectations of $7.82 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The company's revenue was up 15.2% on a year-over-year basis. Analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCL has been the subject of several recent analyst reports. Citigroup raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Hsbc Global Res raised Carnival Co. & to a "moderate sell" rating in a research note on Tuesday, September 3rd. Truist Financial increased their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, July 23rd. Macquarie boosted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Finally, Barclays increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.53.

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 17,500 shares of the business's 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 owns 65,789 shares of the company's stock, valued at $1,428,937.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.00% of the stock is owned by corporate insiders.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.