Carnival Co. & plc (NYSE:CCL) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its holdings in Carnival Co. & plc (NYSE:CCL) by 32.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,276 shares of the company’s stock after selling 7,229 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Carnival Co. & were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CCL. State Street Corp increased its stake in shares of Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after acquiring an additional 2,301,906 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Carnival Co. & during the 2nd quarter valued at $466,838,000. Geode Capital Management LLC increased its holdings in shares of Carnival Co. & by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after buying an additional 811,692 shares during the last quarter. Marshall Wace LLP boosted its holdings in Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after acquiring an additional 8,638,865 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after acquiring an additional 2,911,100 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCL. Stifel Nicolaus boosted their target price on Carnival Co. & from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. The Goldman Sachs Group boosted their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Truist Financial raised their target price on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Mizuho upped their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley raised their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.62.

Carnival Co. & Stock Up 6.4 %

CCL stock opened at $26.80 on Friday. The firm’s 50-day moving average is $24.03 and its two-hundred day moving average is $19.51. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $30.93 billion, a price-to-earnings ratio of 23.93 and a beta of 2.67. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $27.17.

Carnival Co. & (NYSE:CCL) last issued its quarterly 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 return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the firm earned ($0.07) EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts forecast that Carnival Co. & plc will post 1.33 earnings per share 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.