Keynote Financial Services LLC Lowers Stake in Carnival Co. & plc (NYSE:CCL)

Keynote Financial Services LLC decreased its position in shares of Carnival Co. & plc (NYSE:CCL) by 35.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 13,668 shares of the company’s stock after selling 7,580 shares during the period. Keynote Financial Services LLC’s holdings in Carnival Co. & were worth $253,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in Carnival Co. & by 3.2% in the 3rd 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 acquired a new position in Carnival Co. & in the third quarter valued at $73,000. National Pension Service increased its stake in Carnival Co. & by 50.7% in the third quarter. National Pension Service now owns 2,660,437 shares of the company’s stock valued at $49,165,000 after purchasing an additional 895,603 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Carnival Co. & during the third quarter worth about $1,140,000. Finally, Van ECK Associates Corp boosted its stake in Carnival Co. & by 2.2% in the 3rd quarter. Van ECK Associates Corp now owns 303,352 shares of the company’s stock worth $5,606,000 after buying an additional 6,672 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CCL. Tigress Financial increased 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 Monday, October 7th. Macquarie lifted their price target 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. Citigroup boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Mizuho increased their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Finally, Barclays boosted their price target 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.53.

Carnival Co. & Trading Down 2.3 %

NYSE CCL opened at $23.68 on Friday. The stock has a market cap of $27.33 billion, a P/E ratio of 21.14 and a beta of 2.66. The company’s fifty day simple moving average is $19.18 and its 200-day simple moving average is $17.19. 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 52 week low of $12.23 and a 52 week high of $24.34.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. Equities research analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred 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 directly owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is currently owned by company insiders.

Carnival Co. & 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.