Carnival Co. & plc (NYSE:CCL) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC trimmed its position in Carnival Co. & plc (NYSE:CCL) by 52.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,205 shares of the company’s stock after selling 23,791 shares during the period. Good Life Advisors LLC’s holdings in Carnival Co. & were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCL. Bleakley Financial Group LLC lifted its holdings in shares of Carnival Co. & by 7.5% during the third quarter. Bleakley Financial Group LLC now owns 14,171 shares of the company’s stock worth $262,000 after purchasing an additional 990 shares during the period. Sequoia Financial Advisors LLC raised its position in Carnival Co. & by 4.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company’s stock worth $506,000 after buying an additional 1,211 shares during the last quarter. Signaturefd LLC raised its position in Carnival Co. & by 6.2% during the 3rd quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock worth $249,000 after buying an additional 785 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Carnival Co. & in the 3rd quarter valued at $528,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock valued at $556,280,000 after acquiring an additional 2,889,785 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

CCL has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. Citigroup boosted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Barclays raised their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. The Goldman Sachs Group boosted their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Trading Down 6.0 %

CCL stock opened at $24.54 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. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The stock has a market cap of $28.56 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 0.77 and a beta of 2.64. The business’s 50-day moving average is $25.69 and its 200 day moving average is $22.07.

Carnival Co. & (NYSE:CCL) last announced 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. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the prior year, the company earned ($0.07) EPS. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

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.