Carnival Co. & plc (NYSE:CCL) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 88.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,384 shares of the company’s stock after selling 224,237 shares during the period. Vontobel Holding Ltd.’s holdings in Carnival Co. & were worth $563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sunbelt Securities Inc. lifted its stake in Carnival Co. & by 4.1% during the third quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock valued at $209,000 after purchasing an additional 601 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after acquiring an additional 739 shares in the last quarter. Ieq Capital LLC lifted its position in shares of Carnival Co. & by 2.9% in the 3rd quarter. Ieq Capital LLC now owns 37,290 shares of the company’s stock valued at $512,000 after acquiring an additional 1,045 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Carnival Co. & by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 84,810 shares of the company’s stock valued at $1,164,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Carnival Co. & by 2.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,162 shares of the company’s stock valued at $510,000 after acquiring an additional 1,051 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the sale, the chief financial officer now owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.00% of the company’s stock.

Carnival Co. & Trading Up 1.2 %

Shares of Carnival Co. & stock opened at $14.29 on Tuesday. The stock has a market capitalization of $16.03 billion, a P/E ratio of 54.94 and a beta of 2.54. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The company has a 50-day simple moving average of $15.59 and a 200 day simple moving average of $15.43. Carnival Co. & plc has a 12-month low of $8.70 and a 12-month high of $19.74.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.04. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.55) EPS. Research analysts expect that Carnival Co. & plc will post 1.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on CCL. Barclays upped their price target on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Macquarie upped their price objective on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Wells Fargo & Company upgraded shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Friday, January 5th. JPMorgan Chase & Co. increased their price target on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Tigress Financial increased their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.47.

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.