Carnival Co. & plc (NYSE:CCL) Shares Sold by Creative Planning

Creative Planning lessened its stake in shares of Carnival Co. & plc (NYSE:CCL) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 505,355 shares of the company’s stock after selling 5,006 shares during the quarter. Creative Planning’s holdings in Carnival Co. & were worth $9,339,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Wedge Capital Management L L P NC lifted its stake in shares of 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 purchasing an additional 24,198 shares during the period. CVA Family Office LLC lifted its stake in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after purchasing an additional 1,205 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Carnival Co. & by 499.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,072 shares of the company’s stock worth $131,000 after purchasing an additional 5,892 shares during the period. Perpetual Ltd lifted its stake in shares of Carnival Co. & by 38.7% during the 3rd quarter. Perpetual Ltd now owns 1,660,935 shares of the company’s stock worth $30,694,000 after purchasing an additional 463,696 shares during the period. Finally, CWM LLC lifted its stake in shares of Carnival Co. & by 125.8% during the 3rd quarter. CWM LLC now owns 69,533 shares of the company’s stock worth $1,285,000 after purchasing an additional 38,741 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Up 0.8 %

NYSE:CCL opened at $21.45 on Wednesday. The business’s 50-day moving average is $17.85 and its two-hundred day moving average is $16.64. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $21.80. The firm has a market capitalization of $24.08 billion, a PE ratio of 33.00 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.82 billion. During the same period last year, the company posted $0.86 earnings per share. The firm’s revenue was up 15.2% compared to the same quarter last year. Research analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCL has been the topic of a number of recent analyst reports. Susquehanna reissued a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research note on Wednesday, June 26th. JPMorgan Chase & Co. increased their price target on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Macquarie increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Argus increased their price target on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Bank of America increased their target price on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One 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.com, Carnival Co. & has an average rating of “Moderate Buy” and an average price target of $23.53.

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.