Carnival Co. & plc (NYSE:CCL) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC increased its holdings in Carnival Co. & plc (NYSE:CCL) by 42.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,575 shares of the company’s stock after acquiring an additional 6,972 shares during the quarter. EP Wealth Advisors LLC’s holdings in Carnival Co. & were worth $436,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Kovitz Investment Group Partners LLC acquired a new position in shares of Carnival Co. & in the third quarter worth about $657,000. Worldquant Millennium Advisors LLC lifted its stake in shares of Carnival Co. & by 149.7% in the third quarter. Worldquant Millennium Advisors LLC now owns 1,013,547 shares of the company’s stock worth $18,730,000 after acquiring an additional 607,601 shares in the last quarter. Tabor Asset Management LP lifted its stake in shares of Carnival Co. & by 203.2% in the third quarter. Tabor Asset Management LP now owns 275,925 shares of the company’s stock worth $5,099,000 after acquiring an additional 184,917 shares in the last quarter. Taika Capital LP acquired a new position in shares of Carnival Co. & in the third quarter worth about $2,821,000. Finally, State Street Corp lifted its stake in shares of Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after acquiring an additional 2,301,906 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CCL. Morgan Stanley boosted 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. Stifel Nicolaus boosted their price objective on Carnival Co. & from $27.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Tigress Financial boosted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Barclays upped their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.91.

Insider Activity

In other news, Director Sir Jonathon Band sold 17,500 shares of the 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 owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Performance

CCL opened at $26.18 on Friday. The company has a market capitalization of $30.22 billion, a price-to-earnings ratio of 23.38 and a beta of 2.67. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $27.17. The business has a 50 day moving average price of $23.09 and a two-hundred day moving average price of $19.01.

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm 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 firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. Research analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

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.