Victory Capital Management Inc. Reduces Stock Position in Carnival Co. & plc (NYSE:CCL)

Victory Capital Management Inc. reduced its position in shares of Carnival Co. & plc (NYSE:CCL) by 3.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 301,450 shares of the company’s stock after selling 9,439 shares during the period. Victory Capital Management Inc.’s holdings in Carnival Co. & were worth $5,571,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Carnival Co. & by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,490,686 shares of the company’s stock worth $46,028,000 after buying an additional 28,403 shares during the period. Apollon Wealth Management LLC lifted its holdings in Carnival Co. & by 25.1% in the third quarter. Apollon Wealth Management LLC now owns 20,250 shares of the company’s stock worth $374,000 after buying an additional 4,062 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Carnival Co. & in the third quarter worth about $25,000. River Global Investors LLP lifted its holdings in Carnival Co. & by 5.0% in the third quarter. River Global Investors LLP now owns 72,907 shares of the company’s stock worth $1,348,000 after buying an additional 3,471 shares during the period. Finally, Sigma Planning Corp lifted its holdings in Carnival Co. & by 23.7% in the third quarter. Sigma Planning Corp now owns 39,877 shares of the company’s stock worth $737,000 after buying an additional 7,633 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on CCL. Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Barclays raised their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Morgan Stanley raised their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Finally, Mizuho raised their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. One 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.78.

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 11.00% of the stock is currently owned by corporate insiders.

Carnival Co. & Trading Down 1.9 %

Shares of CCL stock opened at $24.88 on Friday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $25.60. 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 firm’s 50 day moving average is $21.15 and its 200 day moving average is $18.00. The stock has a market capitalization of $28.71 billion, a P/E ratio of 22.21 and a beta of 2.66.

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