Carnival Co. & plc (NYSE:CCL) Shares Sold by Keynote Financial Services LLC

Keynote Financial Services LLC lowered its position in shares of Carnival Co. & plc (NYSE:CCL) by 35.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,668 shares of the company’s stock after selling 7,580 shares during the period. Keynote Financial Services LLC’s holdings in Carnival Co. & were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Carnival Co. & during the second quarter worth approximately $466,838,000. Marshall Wace LLP grew its position in shares of Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after acquiring an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Carnival Co. & by 43.6% in the 2nd 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. Dimensional Fund Advisors LP raised its position in Carnival Co. & by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock valued at $109,444,000 after purchasing an additional 473,848 shares during the last quarter. Finally, Earnest Partners LLC boosted its stake in Carnival Co. & by 12.5% during the 1st quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock worth $74,631,000 after purchasing an additional 507,045 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

CCL stock opened at $23.68 on Friday. The firm has a 50 day moving average of $19.18 and a 200-day moving average of $17.19. The company has a market cap of $27.33 billion, a price-to-earnings ratio of 21.14 and a beta of 2.66. 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 $12.23 and a 12-month high of $24.34.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm 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%. Carnival Co. &’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. As a group, equities analysts expect that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Analysts Set New Price Targets

CCL has been the subject of a number of research reports. Macquarie upped their target price 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. Barclays upped their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Morgan Stanley lifted their target price on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Finally, Tigress Financial lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.53.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated 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 transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.00% of the company’s stock.

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.