M&T Bank Corp Boosts Stock Position in Carnival Co. & plc (NYSE:CCL)

M&T Bank Corp grew its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,628 shares of the company’s stock after buying an additional 4,311 shares during the quarter. M&T Bank Corp’s holdings in Carnival Co. & were worth $1,102,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Encompass Wealth Advisors LLC boosted its stake in Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after acquiring an additional 451 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Carnival Co. & by 2.0% during the third quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock worth $599,000 after purchasing an additional 621 shares during the last quarter. Continuum Advisory LLC grew its stake in Carnival Co. & by 22.1% in the second quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock worth $65,000 after purchasing an additional 630 shares in the last quarter. PFG Investments LLC increased its holdings in Carnival Co. & by 2.8% in the third quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after buying an additional 641 shares during the last quarter. Finally, Fidelis Capital Partners LLC increased its holdings in Carnival Co. & by 6.6% in the second quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock valued at $232,000 after buying an additional 764 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Down 1.1 %

Shares of CCL stock opened at $25.90 on Monday. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $27.17. The firm has a market capitalization of $29.89 billion, a PE ratio of 23.13 and a beta of 2.67. The stock has a fifty day moving average of $23.42 and a two-hundred day moving average of $19.19. 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 posted its quarterly earnings data 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. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share. As a group, research analysts expect that Carnival Co. & plc will post 1.33 EPS for the current year.

Insider Activity

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

Analyst Upgrades and Downgrades

CCL has been the subject of several research reports. Tigress Financial lifted their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Morgan Stanley boosted their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Mizuho raised their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Macquarie boosted their price objective 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. Finally, Bank of America raised their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

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.