Wilmington Savings Fund Society FSB Makes New Investment in Carnival Co. & plc (NYSE:CCL)

Wilmington Savings Fund Society FSB acquired a new stake in Carnival Co. & plc (NYSE:CCL) in the third quarter, Holdings Channel reports. The fund acquired 4,718 shares of the company’s stock, valued at approximately $87,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCL. World Investment Advisors LLC bought a new stake in Carnival Co. & during the 3rd quarter valued at $252,000. Sanctuary Advisors LLC grew its holdings in shares of Carnival Co. & by 70.7% during the third quarter. Sanctuary Advisors LLC now owns 56,928 shares of the company’s stock valued at $1,052,000 after buying an additional 23,579 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Carnival Co. & by 3.9% during the third quarter. Toronto Dominion Bank now owns 557,811 shares of the company’s stock worth $10,308,000 after acquiring an additional 20,773 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after acquiring an additional 811,692 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Carnival Co. & by 7.8% in the 3rd quarter. M&T Bank Corp now owns 59,628 shares of the company’s stock worth $1,102,000 after acquiring an additional 4,311 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $26.80 on Friday. The firm has a market cap of $30.93 billion, a price-to-earnings ratio of 23.93 and a beta of 2.67. The stock has a fifty day simple moving average of $24.03 and a two-hundred day simple moving average of $19.49. 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.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data 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. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the firm posted ($0.07) EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts anticipate that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Bank of America increased their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Mizuho raised their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Citigroup upped their target price on shares of Carnival Co. & from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Finally, Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $26.62.

About Carnival Co. &

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.