Carnival Co. & plc (NYSE:CCL) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC reduced its stake in shares of Carnival Co. & plc (NYSE:CCL) by 45.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,213 shares of the company’s stock after selling 15,432 shares during the period. Park Avenue Securities LLC’s holdings in Carnival Co. & were worth $337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Carnival Co. & by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock valued at $2,098,055,000 after buying an additional 559,038 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Carnival Co. & during the second quarter worth about $466,838,000. Marshall Wace LLP raised its stake in Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after purchasing an additional 8,638,865 shares during the period. Renaissance Technologies LLC boosted its holdings in Carnival Co. & by 43.6% in the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after purchasing an additional 2,911,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Carnival Co. & by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock valued at $109,444,000 after buying an additional 473,848 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CCL. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Bank of America upped their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Argus raised their price objective on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. upped their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Macquarie lifted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.53.

Carnival Co. & Trading Up 0.2 %

NYSE:CCL opened at $20.43 on Monday. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $20.81. The firm has a market cap of $22.93 billion, a PE ratio of 31.43 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 fifty day moving average price of $16.91 and a 200 day moving average price of $16.37.

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

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.