SteelPeak Wealth LLC reduced its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 31.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,332 shares of the company's stock after selling 29,809 shares during the quarter. SteelPeak Wealth LLC's holdings in Carnival Co. & were worth $1,189,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of CCL. Family Firm Inc. acquired a new position in shares of Carnival Co. & in the 2nd quarter valued at approximately $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & during the 2nd quarter worth approximately $30,000. BNP Paribas acquired a new position in Carnival Co. & during the 1st quarter worth approximately $32,000. CVA Family Office LLC boosted its position in Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock worth $36,000 after acquiring an additional 1,205 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in Carnival Co. & during the 2nd quarter worth approximately $37,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have weighed in on CCL. JPMorgan Chase & Co. upped their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Citigroup upped their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Stifel Nicolaus raised their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Truist Financial raised their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a "hold" rating in a research report on Tuesday, July 23rd. Finally, Barclays raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.53.
Check Out Our Latest Research Report on Carnival Co. &
Insider Buying and Selling 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 stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.00% of the company's stock.
Carnival Co. & Price Performance
NYSE CCL traded down $0.16 during midday trading on Thursday, hitting $22.00. The company had a trading volume of 31,836,663 shares, compared to its average volume of 29,949,264. The company has a market capitalization of $25.39 billion, a PE ratio of 19.79 and a beta of 2.69. 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 firm has a 50-day moving average price of $18.58 and a 200-day moving average price of $16.90. Carnival Co. & plc has a twelve month low of $11.10 and a twelve month high of $23.05.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion during the quarter, compared to analysts' expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. As a group, analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.
About Carnival Co. &
(
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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