Carnival Corp (NYSE:CCL) Shares Purchased by Buckley Wealth Management LLC

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Buckley Wealth Management LLC raised its position in shares of Carnival Corp (NYSE:CCL) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,616 shares of the company’s stock after purchasing an additional 471 shares during the period. Buckley Wealth Management LLC’s holdings in Carnival were worth $289,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund lifted its stake in shares of Carnival by 10.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 198,559 shares of the company’s stock worth $9,243,000 after acquiring an additional 18,310 shares during the period. Chartwell Investment Partners LLC lifted its stake in shares of Carnival by 10.1% in the 2nd quarter. Chartwell Investment Partners LLC now owns 259,939 shares of the company’s stock worth $12,100,000 after acquiring an additional 23,848 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Carnival by 1.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 250,982 shares of the company’s stock worth $11,683,000 after acquiring an additional 2,625 shares during the period. Holistic Financial Partners lifted its stake in shares of Carnival by 6.3% in the 2nd quarter. Holistic Financial Partners now owns 4,588 shares of the company’s stock worth $214,000 after acquiring an additional 272 shares during the period. Finally, Forte Capital LLC ADV lifted its stake in shares of Carnival by 23.5% in the 2nd quarter. Forte Capital LLC ADV now owns 20,924 shares of the company’s stock worth $974,000 after acquiring an additional 3,984 shares during the period. 75.16% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Sir Jonathon Band sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $40.83, for a total value of $204,150.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 24.10% of the stock is owned by insiders.

Shares of NYSE CCL traded up $0.59 during midday trading on Friday, reaching $41.54. The company’s stock had a trading volume of 391,457 shares, compared to its average volume of 5,331,753. The company has a current ratio of 0.30, a quick ratio of 0.25 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average price of $45.05 and a 200 day moving average price of $48.89. Carnival Corp has a one year low of $39.92 and a one year high of $62.52. The company has a market cap of $21.15 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 0.94 and a beta of 1.11.

Carnival (NYSE:CCL) last released its earnings results on Thursday, September 26th. The company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.10. Carnival had a net margin of 14.93% and a return on equity of 12.67%. The business had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.18 billion. Research analysts anticipate that Carnival Corp will post 4.27 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. Macquarie set a $53.00 price target on shares of Carnival and gave the stock a “buy” rating in a research note on Friday, September 27th. Buckingham Research reduced their price target on shares of Carnival from $52.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. They noted that the move was a valuation call. Nomura reduced their price target on shares of Carnival from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, September 27th. Berenberg Bank lowered shares of Carnival from a “hold” rating to a “sell” rating and set a $38.00 price target for the company. in a research note on Friday, September 27th. Finally, Wolfe Research lowered shares of Carnival from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 27th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. Carnival currently has an average rating of “Hold” and an average target price of $52.40.

Carnival Company Profile

Carnival Corporation operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

Further Reading: Can systematic risk be avoided?

Institutional Ownership by Quarter for Carnival (NYSE:CCL)

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