Carnival Co. & plc (NYSE:CCL) Shares Acquired by CVA Family Office LLC

CVA Family Office LLC lifted its holdings in Carnival Co. & plc (NYSE:CCL) by 163.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,940 shares of the company’s stock after purchasing an additional 1,205 shares during the period. CVA Family Office LLC’s holdings in Carnival Co. & were worth $36,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of Carnival Co. & by 29.4% in the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after acquiring an additional 3,741 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Carnival Co. & by 72.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock valued at $4,223,000 after buying an additional 103,501 shares during the period. Cetera Advisors LLC grew its position in shares of Carnival Co. & by 38.3% during the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock worth $665,000 after buying an additional 11,276 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of 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 buying an additional 95,828 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Carnival Co. & by 2.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 565,055 shares of the company’s stock worth $9,228,000 after acquiring an additional 14,569 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Susquehanna reaffirmed a “positive” rating and set a $22.00 price objective on shares of Carnival Co. & in a research report on Wednesday, June 26th. JPMorgan Chase & Co. boosted their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Morgan Stanley raised their price objective on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Mizuho lifted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, Barclays lifted their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.53.

Carnival Co. & Stock Performance

Shares of CCL opened at $20.43 on Monday. The company has a market capitalization of $22.93 billion, a PE ratio of 31.43 and a beta of 2.69. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $20.81. The company has a 50-day simple moving average of $16.91 and a 200-day simple moving average of $16.37. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last posted 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 company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. Equities research analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

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.