Darwin Wealth Management LLC Buys New Shares in Carnival Co. & plc (NYSE:CCL)

Darwin Wealth Management LLC bought a new stake in Carnival Co. & plc (NYSE:CCL) in the third quarter, HoldingsChannel reports. The fund bought 6,652 shares of the company’s stock, valued at approximately $123,000.

A number of other institutional investors have also recently bought and sold shares of CCL. Ashton Thomas Securities LLC purchased a new stake in Carnival Co. & in the third quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in Carnival Co. & during the second quarter worth approximately $26,000. Hantz Financial Services Inc. purchased a new stake in Carnival Co. & during the second quarter worth approximately $30,000. Assetmark Inc. grew its stake in Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after buying an additional 1,546 shares during the period. Finally, CVA Family Office LLC grew its stake in Carnival Co. & by 163.9% during the third 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. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CCL shares. Hsbc Global Res upgraded shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Macquarie boosted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Citigroup boosted 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 Wednesday, October 9th. Morgan Stanley upped their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. Finally, Barclays upped their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.78.

Carnival Co. & Trading Down 0.2 %

Shares of CCL stock opened at $25.09 on Thursday. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $25.45. The firm’s fifty day simple moving average is $20.83 and its 200 day simple moving average is $17.87. The firm has a market capitalization of $28.96 billion, a P/E ratio of 22.40 and a beta of 2.66. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

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

Insider Activity

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’s 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 transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.00% of the stock is owned by corporate 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.