Carnival Co. & plc (NYSE:CCL) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Carnival Co. & plc (NYSE:CCL) by 181.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,815 shares of the company’s stock after purchasing an additional 79,857 shares during the period. Cerity Partners LLC’s holdings in Carnival Co. & were worth $2,288,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Encompass Wealth Advisors LLC lifted its position in shares of Carnival Co. & by 2.9% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after buying an additional 451 shares during the last quarter. Metis Global Partners LLC grew its stake in Carnival Co. & by 2.0% in the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after purchasing an additional 621 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of Carnival Co. & by 22.1% during the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after acquiring an additional 630 shares during the last quarter. PFG Investments LLC boosted its stake in Carnival Co. & by 2.8% during the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after purchasing an additional 641 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Carnival Co. & by 2.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after acquiring an additional 737 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on CCL shares. Macquarie lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Tigress Financial raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Morgan Stanley lifted their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. Barclays increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & has an average rating of “Moderate Buy” and an average target price of $23.91.

Carnival Co. & Price Performance

Shares of CCL stock opened at $25.43 on Monday. The firm has a market capitalization of $29.35 billion, a price-to-earnings ratio of 22.71 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The stock’s 50-day simple moving average is $21.84 and its 200-day simple moving average is $18.43. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $25.80.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping 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 the consensus estimate of $7.82 billion. During the same period last year, the firm earned $0.86 EPS. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 value of $380,100.00. Following the transaction, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 11.00% of the stock is owned by company insiders.

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.