Commerce Bank Has $397,000 Stake in Carnival Co. & plc (NYSE:CCL)

Commerce Bank lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 5.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,485 shares of the company’s stock after purchasing an additional 1,035 shares during the quarter. Commerce Bank’s holdings in Carnival Co. & were worth $397,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Encompass Wealth Advisors LLC grew its holdings in Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after acquiring an additional 451 shares during the period. Metis Global Partners LLC boosted its position in shares of Carnival Co. & by 2.0% during the 3rd quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after purchasing an additional 621 shares in the last quarter. Continuum Advisory LLC grew its stake in Carnival Co. & by 22.1% during 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 during the period. 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 worth $437,000 after purchasing an additional 641 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Carnival Co. & by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after buying an additional 737 shares during the period. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

CCL stock opened at $25.35 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The firm has a market cap of $29.26 billion, a PE ratio of 22.63 and a beta of 2.66. The business has a 50 day moving average of $21.44 and a 200-day moving average of $18.20. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $25.80.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion during 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 business’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. As a group, sell-side analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred on Tuesday, October 29th. The shares were 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 document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Mizuho lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Morgan Stanley upped their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. Barclays increased their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Macquarie upped their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Bank of America raised their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $23.91.

About Carnival Co. &

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.