Carnival Co. & plc (NYSE:CCL) Shares Acquired by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 161,418 shares of the company’s stock after acquiring an additional 1,150 shares during the period. TrinityPoint Wealth LLC’s holdings in Carnival Co. & were worth $2,983,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CCL. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Carnival Co. & in the second quarter valued at $466,838,000. Marshall Wace LLP grew its stake in Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after purchasing an additional 8,638,865 shares in the last quarter. Mizuho Securities USA LLC increased its holdings in Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the period. Renaissance Technologies LLC increased its stake in shares of Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after buying an additional 2,911,100 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Tigress Financial upped 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. Mizuho lifted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.78.

Insider Buying and Selling

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

Carnival Co. & Stock Performance

Shares of CCL stock opened at $24.31 on Monday. 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 stock has a 50 day simple moving average of $20.31 and a 200-day simple moving average of $17.68. The company has a market cap of $28.06 billion, a price-to-earnings ratio of 21.71 and a beta of 2.66. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $24.99.

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter last year, the company earned $0.86 earnings per share. Carnival Co. &’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

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.