Bleakley Financial Group LLC Buys 990 Shares of Carnival Co. & plc (NYSE:CCL)

Bleakley Financial Group LLC boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,171 shares of the company’s stock after purchasing an additional 990 shares during the period. Bleakley Financial Group LLC’s holdings in Carnival Co. & were worth $262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Richardson Capital Management LLC bought a new position in shares of Carnival Co. & during the 1st quarter valued at $26,000. Family Firm Inc. bought a new stake in shares of Carnival Co. & during the 2nd quarter valued at about $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Carnival Co. & during the 2nd quarter valued at about $30,000. BNP Paribas bought a new position in shares of Carnival Co. & in the 1st quarter worth approximately $32,000. Finally, CVA Family Office LLC boosted its holdings in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised their target price on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. Tigress Financial boosted their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Stifel Nicolaus raised their price objective on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Finally, Mizuho boosted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.53.

Carnival Co. & Trading Down 2.1 %

Shares of CCL stock opened at $21.00 on Thursday. 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 market capitalization of $23.57 billion, a price-to-earnings ratio of 32.31 and a beta of 2.69. Carnival Co. & plc has a 12-month low of $10.95 and a 12-month high of $21.80. The stock’s 50-day moving average price is $17.97 and its 200-day moving average price is $16.67.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the previous year, the company posted $0.86 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. Equities research analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal 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.