CIBC Asset Management Inc Acquires 11,460 Shares of Carnival Co. & plc (NYSE:CCL)

CIBC Asset Management Inc increased its position in Carnival Co. & plc (NYSE:CCL) by 8.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,447 shares of the company’s stock after acquiring an additional 11,460 shares during the quarter. CIBC Asset Management Inc’s holdings in Carnival Co. & were worth $2,780,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Carnival Co. & during the third quarter worth about $25,000. Family Firm Inc. bought a new stake in shares of Carnival Co. & in the second quarter worth about $26,000. Hantz Financial Services Inc. purchased a new position in Carnival Co. & during the 2nd quarter valued at about $30,000. Assetmark Inc. raised its position in 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 purchasing an additional 1,546 shares during the last quarter. Finally, CVA Family Office LLC lifted its holdings in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after buying an additional 1,205 shares during the period. Institutional investors own 67.19% of the company’s stock.

Insider Activity

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CCL shares. Barclays raised their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley increased their price objective on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. Mizuho lifted their target price on shares of 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 raised their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. increased their price objective on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.78.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $24.51 on Tuesday. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $24.99. 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 firm’s fifty day moving average is $20.48 and its 200 day moving average is $17.75. The company has a market cap of $28.29 billion, a price-to-earnings ratio of 21.88 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter last year, the business earned $0.86 EPS. The business’s revenue was up 15.2% on a year-over-year basis. Sell-side analysts forecast that Carnival Co. & plc will post 1.33 EPS 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.