Commerce Bank Has $397,000 Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Commerce Bank boosted its position in Carnival Co. & plc (NYSE:CCL) by 5.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 21,485 shares of the company’s stock after purchasing an additional 1,035 shares during the period. Commerce Bank’s holdings in Carnival Co. & were worth $397,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Avior Wealth Management LLC lifted its position in shares of Carnival Co. & by 50.7% in the third quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock valued at $51,000 after buying an additional 924 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Carnival Co. & by 3.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 191,834 shares of the company’s stock valued at $3,545,000 after acquiring an additional 6,283 shares during the period. Prospera Financial Services Inc boosted its position in Carnival Co. & by 4.0% during the third quarter. Prospera Financial Services Inc now owns 42,047 shares of the company’s stock worth $777,000 after purchasing an additional 1,598 shares during the period. Whalen Wealth Management Inc. boosted its position in Carnival Co. & by 92.7% during the third quarter. Whalen Wealth Management Inc. now owns 23,163 shares of the company’s stock worth $428,000 after purchasing an additional 11,143 shares during the period. Finally, Caprock Group LLC bought a new position in Carnival Co. & during the third quarter worth $201,000. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CCL shares. Stifel Nicolaus lifted their target price on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Citigroup raised their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Barclays boosted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Mizuho increased their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley upped their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.91.

Carnival Co. & Trading Up 0.6 %

Shares of CCL opened at $25.35 on Wednesday. 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 firm has a market cap of $29.26 billion, a price-to-earnings ratio of 22.63 and a beta of 2.66. The business’s fifty day moving average is $21.44 and its 200-day moving average is $18.20.

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, 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 return on equity of 22.30% and a net margin of 6.39%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 earnings per share. Equities analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Insider Activity at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the business’s 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 sale, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.00% of the stock is owned by insiders.

Carnival Co. & 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.