Axim Planning & Wealth Reduces Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Axim Planning & Wealth cut its stake in Carnival Co. & plc (NYSE:CCL) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 257,354 shares of the company’s stock after selling 8,763 shares during the period. Carnival Co. & makes up approximately 5.4% of Axim Planning & Wealth’s holdings, making the stock its 3rd biggest position. Axim Planning & Wealth’s holdings in Carnival Co. & were worth $4,756,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Carnival Co. & during the third quarter valued at about $25,000. Family Firm Inc. acquired a new stake in shares of Carnival Co. & during the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. bought a new stake in shares of Carnival Co. & during the second quarter valued at approximately $30,000. Assetmark Inc. lifted its position in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the period. Finally, CVA Family Office LLC boosted 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 in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $24.55 on Thursday. The firm has a 50 day simple moving average of $19.81 and a 200 day simple moving average of $17.48. The firm has a market cap of $28.33 billion, a P/E ratio of 21.92 and a beta of 2.66. Carnival Co. & plc has a fifty-two week low of $13.33 and a fifty-two week high of $24.83. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26.

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

Insider Activity at Carnival Co. &

In other Carnival Co. & 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 transaction of $380,100.00. Following the transaction, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CCL. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Mizuho raised their price target on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Macquarie lifted their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Stifel Nicolaus increased their target price on Carnival Co. & from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Finally, Tigress Financial boosted their price target on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.78.

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.