Swedbank AB Purchases 13,137 Shares of Carnival Co. & plc (NYSE:CCL)

Swedbank AB increased its position in shares of Carnival Co. & plc (NYSE:CCL) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 250,235 shares of the company’s stock after buying an additional 13,137 shares during the quarter. Swedbank AB’s holdings in Carnival Co. & were worth $4,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC acquired a new stake in Carnival Co. & in the 1st quarter valued at approximately $90,000. Price T Rowe Associates Inc. MD grew its stake in shares of Carnival Co. & by 1.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,366,661 shares of the company’s stock worth $22,333,000 after acquiring an additional 20,724 shares during the last quarter. Janus Henderson Group PLC increased its position in Carnival Co. & by 114.8% during the first quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock worth $2,929,000 after acquiring an additional 95,828 shares during the period. Tidal Investments LLC raised its stake in Carnival Co. & by 3.8% during the 1st quarter. Tidal Investments LLC now owns 49,586 shares of the company’s stock valued at $810,000 after purchasing an additional 1,797 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new stake in Carnival Co. & in the 1st quarter valued at $204,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CCL shares. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research report on Tuesday. They set a “market perform” rating and a $26.00 price objective for the company. Mizuho raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Tigress Financial raised 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. Finally, Macquarie boosted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.91.

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 value of $380,100.00. Following the transaction, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.00% of the stock is owned by insiders.

Carnival Co. & Trading Down 0.7 %

Shares of CCL opened at $25.15 on Thursday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company has a market cap of $29.03 billion, a price-to-earnings ratio of 22.46 and a beta of 2.66. The stock has a fifty day moving average price of $21.58 and a two-hundred day moving average price of $18.25. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $25.80.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 earnings per share. Analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal 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.