Graypoint LLC Acquires 560 Shares of Carnival Co. & plc (NYSE:CCL)

Graypoint LLC boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,074 shares of the company’s stock after purchasing an additional 560 shares during the quarter. Graypoint LLC’s holdings in Carnival Co. & were worth $276,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. grew its position in Carnival Co. & by 72.3% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after purchasing an additional 1,204,500 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in Carnival Co. & during the 3rd quarter worth $1,140,000. Commonwealth Equity Services LLC boosted its holdings in Carnival Co. & by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after acquiring an additional 39,491 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in Carnival Co. & by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock worth $4,892,000 after acquiring an additional 24,198 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Carnival Co. & by 181.7% during the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after acquiring an additional 79,857 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $24.30 on Monday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The stock has a 50 day moving average price of $25.06 and a two-hundred day moving average price of $20.41. The company has a market capitalization of $28.05 billion, a P/E ratio of 21.70 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Analysts Set New Price Targets

CCL has been the topic of a number of analyst reports. Bank of America lifted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays lifted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. The Goldman Sachs Group lifted their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus lifted their target price on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average price target of $27.18.

Insider Activity at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’s 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 completion of the transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.00% of the stock is owned by corporate insiders.

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.