Caisse DE Depot ET Placement DU Quebec Acquires 172,400 Shares of Carnival Co. & plc (NYSE:CCL)

Caisse DE Depot ET Placement DU Quebec boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 557.9% during the third quarter, Holdings Channel.com reports. The fund owned 203,300 shares of the company’s stock after buying an additional 172,400 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Carnival Co. & were worth $3,757,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CCL. Ashton Thomas Securities LLC bought a new position in shares of Carnival Co. & in the third quarter worth approximately $25,000. Family Firm Inc. purchased a new position in Carnival Co. & in the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. bought a new position in shares of Carnival Co. & in the 2nd quarter worth $30,000. Assetmark Inc. raised its position in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC lifted its holdings in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after acquiring an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 2.2 %

NYSE CCL opened at $25.99 on Tuesday. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $26.66. The stock has a market capitalization of $30.00 billion, a PE ratio of 23.21 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The business’s 50-day moving average is $21.84 and its 200 day moving average is $18.43.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm 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% compared to the same quarter last year. During the same period last year, the company earned $0.86 EPS. Sell-side analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CCL shares. Macquarie raised their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Mizuho raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Bank of America upped their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus lifted their price target 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. Finally, Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.44.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now 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 SEC, which is accessible through this hyperlink. Insiders own 11.00% of the company’s stock.

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.