Carnival Co. & plc (NYSE:CCL) Shares Sold by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lessened its position in Carnival Co. & plc (NYSE:CCL) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,015 shares of the company’s stock after selling 2,721 shares during the period. J.W. Cole Advisors Inc.’s holdings in Carnival Co. & were worth $375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCL. Continuum Advisory LLC raised its holdings in shares of Carnival Co. & by 22.1% during the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after buying an additional 630 shares during the last quarter. GAMMA Investing LLC boosted its position in Carnival Co. & by 7.5% during the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock worth $169,000 after acquiring an additional 726 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of Carnival Co. & by 0.4% in the first quarter. Texas Permanent School Fund Corp now owns 206,795 shares of the company’s stock worth $3,379,000 after purchasing an additional 729 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Carnival Co. & by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock worth $490,000 after purchasing an additional 737 shares during the period. Finally, 1832 Asset Management L.P. grew its position in Carnival Co. & by 66.7% in the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock valued at $37,000 after buying an additional 800 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Up 1.2 %

Shares of Carnival Co. & stock opened at $18.04 on Wednesday. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 27.75 and a beta of 2.68. The stock has a 50-day simple moving average of $16.55 and a 200-day simple moving average of $16.09. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same period in the previous year, the company earned ($0.31) earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. On average, equities research analysts expect that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CCL shares. Citigroup upped their price target on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Bank of America lifted their target price on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Susquehanna reiterated a “positive” rating and issued a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday, June 26th. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Finally, Morgan Stanley boosted their price target on shares of Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

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.