Zurcher Kantonalbank Zurich Cantonalbank Reduces Stake in Carnival Co. & plc (NYSE:CCL)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Carnival Co. & plc (NYSE:CCL) by 2.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 488,080 shares of the company’s stock after selling 12,172 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Carnival Co. & were worth $9,020,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Carnival Co. & during the second quarter valued at approximately $466,838,000. Marshall Wace LLP grew its position in shares of Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after purchasing an additional 8,638,865 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after purchasing an additional 2,911,100 shares during the period. Mizuho Securities USA LLC raised its position in shares of Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after buying an additional 6,566,120 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Carnival Co. & by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock valued at $109,444,000 after buying an additional 473,848 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & 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 transaction 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. The trade was a 21.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Carnival Co. & Stock Up 1.2 %

Shares of Carnival Co. & stock opened at $25.43 on Monday. 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. & plc has a 52-week low of $13.78 and a 52-week high of $25.80. The company’s 50 day moving average price is $21.84 and its 200-day moving average price is $18.43. The stock has a market capitalization of $29.35 billion, a price-to-earnings ratio of 22.71 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data 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 firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. Equities research analysts forecast that Carnival Co. & plc will post 1.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their target price on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Citigroup raised their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Macquarie boosted 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 Thursday, October 3rd. Morgan Stanley increased their price target 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. Finally, Tigress Financial lifted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.91.

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.