Carnival Co. & plc (NYSE:CCL) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in Carnival Co. & plc (NYSE:CCL) by 47.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,971 shares of the company’s stock after purchasing an additional 67,382 shares during the period. Daiwa Securities Group Inc.’s holdings in Carnival Co. & were worth $3,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CCL. Ashton Thomas Securities LLC acquired a new stake in Carnival Co. & in the third quarter valued at approximately $25,000. Family Firm Inc. acquired a new stake in shares of Carnival Co. & in the 2nd quarter valued at $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Carnival Co. & during the 2nd quarter worth $30,000. Assetmark Inc. grew its stake in shares of Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

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

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter last year, the business earned $0.86 EPS. The business’s revenue was up 15.2% on a year-over-year basis. Equities analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & 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 transaction of $380,100.00. Following the sale, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CCL. Sanford C. Bernstein initiated coverage on Carnival Co. & in a report on Tuesday. They set a “market perform” rating and a $26.00 price target for the company. Barclays boosted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Macquarie increased their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Bank of America boosted their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Morgan Stanley increased their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research report on Tuesday, October 1st. One research 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.91.

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.