Carnival Co. & plc (NYSE:CCL) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in Carnival Co. & plc (NYSE:CCL) by 29.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 11,932 shares of the company’s stock after selling 5,074 shares during the quarter. Advisors Asset Management Inc.’s holdings in Carnival Co. & were worth $221,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Commerce Bank boosted its stake in Carnival Co. & by 5.1% during the 3rd quarter. Commerce Bank now owns 21,485 shares of the company’s stock worth $397,000 after purchasing an additional 1,035 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Carnival Co. & by 50.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after purchasing an additional 924 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Carnival Co. & by 3.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 191,834 shares of the company’s stock worth $3,545,000 after purchasing an additional 6,283 shares during the last quarter. Prospera Financial Services Inc boosted its stake in Carnival Co. & by 4.0% during the 3rd quarter. Prospera Financial Services Inc now owns 42,047 shares of the company’s stock worth $777,000 after purchasing an additional 1,598 shares during the last quarter. Finally, Whalen Wealth Management Inc. boosted its stake in Carnival Co. & by 92.7% during the 3rd quarter. Whalen Wealth Management Inc. now owns 23,163 shares of the company’s stock worth $428,000 after purchasing an additional 11,143 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

NYSE CCL opened at $25.14 on Friday. The company has a market cap of $29.02 billion, a P/E ratio of 22.45 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The stock has a 50-day moving average of $21.71 and a two-hundred day moving average of $18.30. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $25.80.

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

Analysts Set New Price Targets

CCL has been the topic of several recent research reports. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Barclays lifted their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday. They set a “market perform” rating and a $26.00 price target on the stock. Bank of America lifted their price target on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Macquarie lifted their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.91.

Insider Transactions at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction 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. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.00% of the company’s stock.

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.