Carnival Co. & plc (NYSE:CCL) Shares Acquired by Deltec Asset Management LLC

Deltec Asset Management LLC lifted its holdings in Carnival Co. & plc (NYSE:CCL) by 20.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 789,168 shares of the company’s stock after acquiring an additional 134,063 shares during the quarter. Carnival Co. & accounts for 2.9% of Deltec Asset Management LLC’s holdings, making the stock its 10th biggest position. Deltec Asset Management LLC owned approximately 0.07% of Carnival Co. & worth $14,584,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Empowered Funds LLC raised its position 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 valued at $269,000 after buying an additional 3,741 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after purchasing an additional 39,491 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Carnival Co. & by 72.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after purchasing an additional 103,501 shares during the last quarter. Wedge Capital Management L L P NC grew its position in shares of Carnival Co. & by 10.1% in the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock valued at $4,892,000 after purchasing an additional 24,198 shares in the last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of Carnival Co. & by 38.3% in the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock valued at $665,000 after purchasing an additional 11,276 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Shares of CCL opened at $22.10 on Wednesday. The stock has a 50-day simple moving average of $18.45 and a 200-day simple moving average of $16.86. The stock has a market capitalization of $25.51 billion, a PE ratio of 19.73 and a beta of 2.69. Carnival Co. & plc has a 1 year low of $11.10 and a 1 year high of $22.39. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $7.90 billion for 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 quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. On average, analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Tigress Financial boosted their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. raised their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus increased their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Barclays upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and an average price target of $23.53.

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.