Private Advisor Group LLC Sells 77,153 Shares of Carnival Co. & plc (NYSE:CCL)

Private Advisor Group LLC lowered its stake in Carnival Co. & plc (NYSE:CCL) by 52.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 68,568 shares of the company’s stock after selling 77,153 shares during the period. Private Advisor Group LLC’s holdings in Carnival Co. & were worth $1,267,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Family Firm Inc. bought a new position in shares of Carnival Co. & during the second quarter worth approximately $26,000. Hantz Financial Services Inc. acquired a new position in Carnival Co. & in the 2nd quarter valued at $30,000. BNP Paribas acquired a new stake in shares of Carnival Co. & during the first quarter worth $32,000. CVA Family Office LLC boosted its position 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 valued at $36,000 after acquiring an additional 1,205 shares during the period. Finally, ORG Partners LLC acquired a new position in shares of Carnival Co. & in the second quarter valued at about $37,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $22.00 on Friday. The company has a market capitalization of $25.39 billion, a PE ratio of 19.64 and a beta of 2.69. 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 50-day moving average price of $18.71 and a two-hundred day moving average price of $16.94. Carnival Co. & plc has a 12 month low of $11.10 and a 12 month high of $23.05.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the business earned $0.86 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts expect that Carnival Co. & plc will post 1.33 EPS for the current year.

Insider Activity at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction 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 directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 11.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CCL. Morgan Stanley lifted their price objective 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. Tigress Financial increased their price target on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Mizuho raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Citigroup increased their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price target on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.53.

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.