Watts Gwilliam & Co. LLC Acquires Shares of 9,003 Carnival Co. & plc (NYSE:CCL)

Watts Gwilliam & Co. LLC bought a new position in Carnival Co. & plc (NYSE:CCL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,003 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Carnival Co. & during the 2nd quarter valued at about $466,838,000. Marshall Wace LLP lifted its holdings in Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after buying an additional 8,638,865 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after buying an additional 6,566,120 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after buying an additional 2,911,100 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after buying an additional 2,889,785 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $24.30 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $27.17. The company has a 50 day simple moving average of $25.06 and a two-hundred day simple moving average of $20.38. The stock has a market cap of $28.05 billion, a price-to-earnings ratio of 21.70 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same period in the previous year, the business posted ($0.07) EPS. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Insider Activity at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction 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 completion of the transaction, the director now directly owns 65,789 shares in the company, valued at $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 is available at the SEC website. Company insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on CCL shares. Mizuho raised their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Sanford C. Bernstein began coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. Stifel Nicolaus lifted their price objective on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Citigroup lifted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, The Goldman Sachs Group lifted their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.18.

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.