Sumitomo Mitsui Trust Group Inc. Raises Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Carnival Co. & plc (NYSE:CCL) by 1.2% during the 3rd quarter, Holdings Channel reports. The firm owned 2,490,686 shares of the company’s stock after acquiring an additional 28,403 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Carnival Co. & were worth $46,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Carnival Co. & in the 3rd quarter worth about $25,000. Family Firm Inc. purchased a new position in Carnival Co. & in the second quarter valued at about $26,000. Hantz Financial Services Inc. bought a new position in shares of Carnival Co. & during the 2nd quarter valued at approximately $30,000. Assetmark Inc. raised its holdings in shares of 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. Finally, CVA Family Office LLC lifted its stake in Carnival Co. & by 163.9% in 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 during the last quarter. Institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CCL shares. Citigroup boosted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Tigress Financial increased their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.78.

Insider Transactions at Carnival Co. &

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

Carnival Co. & Price Performance

Carnival Co. & stock opened at $24.29 on Friday. The stock has a market cap of $28.03 billion, a price-to-earnings ratio of 21.67 and a beta of 2.66. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The business has a 50-day simple moving average of $20.14 and a 200 day simple moving average of $17.57. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $24.99.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion during 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%. Carnival Co. &’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, research analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

About Carnival Co. &

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.