Infusive Asset Management Inc. Sells 274,394 Shares of Carnival Co. & plc (NYSE:CCL)

Infusive Asset Management Inc. cut its holdings in Carnival Co. & plc (NYSE:CCL) by 48.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292,089 shares of the company’s stock after selling 274,394 shares during the quarter. Carnival Co. & accounts for approximately 2.2% of Infusive Asset Management Inc.’s holdings, making the stock its 18th largest position. Infusive Asset Management Inc.’s holdings in Carnival Co. & were worth $5,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCL. Encompass Wealth Advisors LLC lifted its holdings in shares of Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after buying an additional 451 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Carnival Co. & by 2.0% during the 3rd quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after buying an additional 621 shares during the period. Continuum Advisory LLC lifted its holdings in shares of Carnival Co. & by 22.1% during the 2nd quarter. Continuum Advisory LLC now owns 3,480 shares of the company’s stock valued at $65,000 after buying an additional 630 shares during the period. PFG Investments LLC lifted its holdings in shares of Carnival Co. & by 2.8% during the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock valued at $437,000 after buying an additional 641 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Carnival Co. & by 2.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 26,174 shares of the company’s stock valued at $490,000 after buying an additional 737 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Performance

Shares of CCL opened at $25.14 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company has a market capitalization of $29.02 billion, a price-to-earnings ratio of 22.45 and a beta of 2.66. The company’s 50 day simple moving average is $21.71 and its 200 day simple moving average is $18.30. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $25.80.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Monday, September 30th. The company reported $1.27 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 in the prior year, the business posted $0.86 earnings per share. Carnival Co. &’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, sell-side analysts predict that Carnival Co. & plc will post 1.33 EPS for the current year.

Insider Transactions at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 11.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays increased their price target on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Bank of America raised their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Macquarie raised their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Finally, Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday. They issued a “market perform” rating and a $26.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.91.

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.