Natixis Advisors LLC grew its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 35.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 678,001 shares of the company's stock after purchasing an additional 176,039 shares during the period. Natixis Advisors LLC owned about 0.06% of Carnival Co. & worth $12,529,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Encompass Wealth Advisors LLC lifted its holdings in Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company's stock valued at $297,000 after buying an additional 451 shares in the last quarter. Metis Global Partners LLC raised its stake in shares of Carnival Co. & by 2.0% during the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company's stock valued at $599,000 after acquiring an additional 621 shares in the last quarter. Continuum Advisory LLC boosted its holdings in shares of Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company's stock valued at $65,000 after purchasing an additional 630 shares during the period. PFG Investments LLC grew its stake in Carnival Co. & by 2.8% in the third quarter. PFG Investments LLC now owns 23,659 shares of the company's stock worth $437,000 after purchasing an additional 641 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Carnival Co. & by 2.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company's stock worth $490,000 after purchasing an additional 737 shares during the period. 67.19% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on CCL. Stifel Nicolaus upped their target price on Carnival Co. & from $25.00 to $27.00 and gave the stock a "buy" rating in a report on Friday, September 20th. Bank of America upped their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Morgan Stanley raised their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an "underweight" rating in a research report on Tuesday, October 1st. Tigress Financial upped their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Finally, Hsbc Global Res raised shares of Carnival Co. & to a "moderate sell" rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Carnival Co. & has an average rating of "Moderate Buy" and a consensus price target of $23.78.
Get Our Latest Research Report on CCL
Insider Activity at Carnival Co. &
In related 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 transaction of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.00% of the stock is owned by insiders.
Carnival Co. & Trading Down 0.2 %
NYSE CCL opened at $25.09 on Thursday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $25.45. The company has a fifty day simple moving average of $20.83 and a two-hundred day simple moving average of $17.87. 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 stock has a market cap of $28.96 billion, a P/E ratio of 22.40 and a beta of 2.66.
Carnival Co. & (NYSE:CCL - Get Free Report) last issued 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. The company had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm's quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. On average, analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current year.
Carnival Co. & Company Profile
(
Free Report)
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.
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