7,287 Shares in Carnival Co. & plc (NYSE:CCL) Bought by Capital Performance Advisors LLP

Capital Performance Advisors LLP bought a new position in shares of Carnival Co. & plc (NYSE:CCL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,287 shares of the company’s stock, valued at approximately $135,000.

A number of other institutional investors have also added to or reduced their stakes in CCL. Aspire Wealth Management Corp increased its holdings in shares of Carnival Co. & by 3.8% in the 3rd quarter. Aspire Wealth Management Corp now owns 27,348 shares of the company’s stock worth $505,000 after buying an additional 1,000 shares during the last quarter. Principal Financial Group Inc. increased its stake in Carnival Co. & by 3.2% in the third quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company’s stock valued at $21,463,000 after acquiring an additional 35,745 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in Carnival Co. & during the third quarter valued at about $73,000. National Pension Service lifted its stake in Carnival Co. & by 50.7% during the third quarter. National Pension Service now owns 2,660,437 shares of the company’s stock worth $49,165,000 after purchasing an additional 895,603 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Carnival Co. & in the 3rd quarter worth about $1,140,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $24.08 on Friday. Carnival Co. & plc has a fifty-two week low of $12.23 and a fifty-two week high of $24.41. The stock has a market cap of $27.79 billion, a price-to-earnings ratio of 21.50 and a beta of 2.66. The stock’s 50 day simple moving average is $19.48 and its two-hundred day simple moving average is $17.31. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion for 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 firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. As a group, analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were 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 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCL. Barclays raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Citigroup boosted their price objective 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. Tigress Financial increased their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Finally, Mizuho raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.