Geode Capital Management LLC Boosts Position in Carnival Co. & plc (NYSE:CCL)

Geode Capital Management LLC increased its position in shares of Carnival Co. & plc (NYSE:CCL) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,027,160 shares of the company’s stock after purchasing an additional 811,692 shares during the period. Geode Capital Management LLC owned 2.08% of Carnival Co. & worth $442,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp grew its holdings in shares of Carnival Co. & by 7.8% during the 3rd quarter. M&T Bank Corp now owns 59,628 shares of the company’s stock worth $1,102,000 after purchasing an additional 4,311 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Carnival Co. & by 1.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 295,330 shares of the company’s stock valued at $5,458,000 after acquiring an additional 5,369 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Carnival Co. & in the 3rd quarter valued at approximately $260,000. National Bank of Canada FI lifted its holdings in shares of Carnival Co. & by 53.5% in the 3rd quarter. National Bank of Canada FI now owns 613,803 shares of the company’s stock worth $11,343,000 after acquiring an additional 213,841 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its position in shares of Carnival Co. & by 570.6% during the 3rd quarter. iA Global Asset Management Inc. now owns 178,246 shares of the company’s stock worth $3,294,000 after purchasing an additional 151,664 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related 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 value of $380,100.00. Following the completion of the sale, the director now directly owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Down 1.1 %

Carnival Co. & stock opened at $25.90 on Friday. The stock’s fifty day moving average is $23.42 and its two-hundred day moving average is $19.14. The stock has a market cap of $29.89 billion, a PE ratio of 23.13 and a beta of 2.67. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $27.17. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

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

Analyst Ratings Changes

CCL has been the topic of a number of research analyst reports. Tigress Financial boosted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective on the stock. The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley boosted their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 1st. Finally, Citigroup raised their price objective on shares of Carnival Co. & from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.21.

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.