Cohen Klingenstein LLC Reduces Stake in Carnival Co. & plc (NYSE:CCL)

Cohen Klingenstein LLC trimmed its position in Carnival Co. & plc (NYSE:CCL) by 25.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,513 shares of the company’s stock after selling 8,863 shares during the period. Cohen Klingenstein LLC’s holdings in Carnival Co. & were worth $661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & during the third quarter valued at approximately $25,000. Assetmark Inc. raised its holdings in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the period. CVA Family Office LLC lifted its position in Carnival Co. & by 163.9% during the third quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares in the last quarter. Morse Asset Management Inc bought a new stake in Carnival Co. & during the third quarter valued at about $46,000. Finally, Avior Wealth Management LLC increased its position in Carnival Co. & by 50.7% in the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after buying an additional 924 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL opened at $25.85 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The business’s fifty day simple moving average is $25.19 and its 200-day simple moving average is $20.55. The company has a market capitalization of $29.83 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 0.77 and a beta of 2.64. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $27.17.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. 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 currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on CCL shares. Wells Fargo & Company boosted their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Bank of America upped their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Macquarie lifted their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Citigroup raised their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Morgan Stanley boosted their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $27.18.

Carnival Co. & Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.