Carnival Co. & plc (NYSE:CCL) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its position in Carnival Co. & plc (NYSE:CCL) by 8.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 16,975 shares of the company’s stock after buying an additional 1,367 shares during the quarter. Empowered Funds LLC’s holdings in Carnival Co. & were worth $314,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its stake in shares of Carnival Co. & by 31.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 33,487 shares of the company’s stock valued at $547,000 after buying an additional 8,038 shares in the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Carnival Co. & in the 1st quarter valued at about $214,000. Axxcess Wealth Management LLC acquired a new stake in shares of Carnival Co. & in the first quarter valued at about $199,000. Lazard Asset Management LLC purchased a new stake in Carnival Co. & during the first quarter worth about $90,000. Finally, Price T Rowe Associates Inc. MD grew its position in Carnival Co. & by 1.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,366,661 shares of the company’s stock worth $22,333,000 after buying an additional 20,724 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Insider Buying and Selling

In other news, Director Sir Jonathon Band sold 17,500 shares of the company’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 sale, the director now directly owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Trading Up 1.2 %

Shares of CCL opened at $25.19 on Tuesday. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $25.60. The company has a market capitalization of $29.07 billion, a PE ratio of 22.49 and a beta of 2.66. The stock has a fifty day moving average of $21.30 and a two-hundred day moving average of $18.13. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating 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 firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CCL shares. Tigress Financial boosted their price target on 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 boosted their target price on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Barclays raised their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Macquarie boosted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average price target of $23.78.

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.