Emprise Bank Purchases New Holdings in Carnival Co. & plc (NYSE:CCL)

Emprise Bank purchased a new stake in Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,112 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Carnival Co. & by 72.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after acquiring an additional 1,204,500 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $1,140,000. Commonwealth Equity Services LLC boosted its stake in shares of Carnival Co. & by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after acquiring an additional 39,491 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in Carnival Co. & by 10.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after buying an additional 24,198 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in Carnival Co. & by 181.7% in the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock valued at $2,288,000 after buying an additional 79,857 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Activity

In other Carnival Co. & 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.00% of the stock is currently owned by company insiders.

Carnival Co. & Stock Down 2.5 %

Shares of Carnival Co. & stock traded down $0.61 during midday trading on Monday, reaching $23.66. 6,225,783 shares of the company’s stock traded hands, compared to its average volume of 19,304,641. The company has a market cap of $27.31 billion, a price-to-earnings ratio of 21.13 and a beta of 2.64. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $27.17. The company’s 50 day simple moving average is $25.06 and its 200 day simple moving average is $20.41. 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 quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the prior year, the company posted ($0.07) EPS. The firm’s revenue was up 10.0% on a year-over-year basis. Equities analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CCL shares. Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Tigress Financial increased their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Macquarie increased their price target 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. The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Citigroup raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.18.

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.