Carnival Co. & plc (NYSE:CCL) Shares Sold by Creative Planning

Creative Planning decreased its holdings in Carnival Co. & plc (NYSE:CCL) by 1.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 505,355 shares of the company’s stock after selling 5,006 shares during the quarter. Creative Planning’s holdings in Carnival Co. & were worth $9,339,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of Carnival Co. & by 29.4% during the 1st quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after buying an additional 3,741 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Carnival Co. & by 72.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after buying an additional 103,501 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Carnival Co. & by 10.1% during 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 during the last quarter. Cetera Advisors LLC boosted its stake in shares of Carnival Co. & by 38.3% during the 1st quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock valued at $665,000 after buying an additional 11,276 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Carnival Co. & by 114.8% during the 1st quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock valued at $2,929,000 after buying an additional 95,828 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on CCL shares. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Mizuho increased their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised their price objective on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Barclays raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, Stifel Nicolaus raised their price objective on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.53.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $21.45 on Wednesday. Carnival Co. & plc has a 1-year low of $10.84 and a 1-year high of $21.80. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The business’s fifty day moving average price is $17.85 and its two-hundred day moving average price is $16.64. The firm has a market capitalization of $24.08 billion, a PE ratio of 33.00 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last issued its earnings results 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 firm had revenue of $7.90 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. On average, research analysts expect that Carnival Co. & plc will post 1.33 EPS for the current 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.