Carnival Co. & plc (NYSE:CCL) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 92.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,979 shares of the company's stock after selling 187,422 shares during the period. Wellington Management Group LLP's holdings in Carnival Co. & were worth $277,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. raised its holdings in Carnival Co. & by 72.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company's stock worth $53,052,000 after purchasing an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Carnival Co. & in the 3rd quarter valued at $1,140,000. Commonwealth Equity Services LLC raised its stake in Carnival Co. & by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company's stock worth $75,310,000 after acquiring an additional 39,491 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in Carnival Co. & by 10.1% in the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock valued at $4,892,000 after acquiring an additional 24,198 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Carnival Co. & by 181.7% during the third quarter. Cerity Partners LLC now owns 123,815 shares of the company's stock worth $2,288,000 after purchasing an additional 79,857 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Wall Street Analyst Weigh In

CCL has been the subject of several research reports. Hsbc Global Res raised Carnival Co. & to a "moderate sell" rating in a report on Tuesday, September 3rd. Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price objective for the company. Citigroup raised their target price on shares of Carnival Co. & from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Macquarie lifted their target price 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. Finally, Wells Fargo & Company increased their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $26.62.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the company's stock in a transaction dated 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. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is currently owned by insiders.

Carnival Co. & Price Performance

Shares of NYSE:CCL traded up $1.62 on Friday, reaching $26.80. 60,814,160 shares of the company were exchanged, compared to its average volume of 28,719,791. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $27.17. The company has a 50-day moving average of $24.03 and a 200-day moving average of $19.51. The firm has a market cap of $30.93 billion, a price-to-earnings ratio of 23.93 and a beta of 2.67.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) earnings per share. Equities analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

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.