Carnival Co. & plc (NYSE:CCL) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its stake in shares of Carnival Co. & plc (NYSE:CCL) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,583 shares of the company’s stock after selling 15,664 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Carnival Co. & were worth $6,830,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in Carnival Co. & during the 2nd quarter worth $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & in the second quarter valued at $30,000. CVA Family Office LLC increased its stake in Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new position in Carnival Co. & in the second quarter valued at $37,000. Finally, ORG Partners LLC acquired a new position in Carnival Co. & in the second quarter valued at $37,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 2.3 %

Shares of CCL opened at $23.68 on Friday. 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 firm’s 50-day moving average is $19.18 and its two-hundred day moving average is $17.19. Carnival Co. & plc has a twelve month low of $12.23 and a twelve month high of $24.34. The firm has a market capitalization of $27.33 billion, a P/E ratio of 21.14 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The business 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 company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 earnings per share. On average, research analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CCL shares. Mizuho lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Barclays lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. boosted their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley boosted their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note 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 issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.53.

Insider Activity

In other news, Director Sir Jonathon Band sold 17,500 shares of the 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 sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.00% of the company’s stock.

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.