Insider Selling: Carnival Co. & plc (NYSE:CCL) Director Sells 17,500 Shares of Stock

Carnival Co. & plc (NYSE:CCL - Get Free Report) Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated Tuesday, October 29th. The stock was 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 approximately $1,428,937.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Carnival Co. & Stock Down 0.7 %

CCL stock traded down $0.16 during midday trading on Thursday, hitting $22.00. 31,836,663 shares of the company's stock were exchanged, compared to its average volume of 29,949,264. Carnival Co. & plc has a 12-month low of $11.10 and a 12-month high of $23.05. 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 capitalization of $25.39 billion, a price-to-earnings ratio of 19.79 and a beta of 2.69. The firm has a 50 day moving average price of $18.58 and a 200-day moving average price of $16.90.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating 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 business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the previous year, the business earned $0.86 EPS. The business's quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current year.

Institutional Investors Weigh In On Carnival Co. &

Institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Carnival Co. & during the 2nd quarter worth $466,838,000. Marshall Wace LLP lifted its holdings in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock valued at $193,398,000 after buying an additional 8,638,865 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock valued at $179,435,000 after buying an additional 2,911,100 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Carnival Co. & by 2,400.1% during the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock valued at $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. Finally, Goldentree Asset Management LP purchased a new stake in shares of Carnival Co. & during the first quarter valued at $31,917,000. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CCL. Hsbc Global Res upgraded Carnival Co. & to a "moderate sell" rating in a report on Tuesday, September 3rd. Barclays lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Tigress Financial lifted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Stifel Nicolaus lifted their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a research note on Friday, September 20th. Finally, Truist Financial boosted their price target on Carnival Co. & from $17.00 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.53.

Carnival Co. & Company 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.