Wellington Management Group LLP Sells 187,422 Shares of Carnival Co. & plc (NYSE:CCL)

Wellington Management Group LLP trimmed its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 92.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,979 shares of the company’s stock after selling 187,422 shares during the quarter. Wellington Management Group LLP’s holdings in Carnival Co. & were worth $277,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & during the 3rd quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in Carnival Co. & during the second quarter worth approximately $26,000. Hantz Financial Services Inc. bought a new position in Carnival Co. & during the 2nd quarter worth $30,000. Assetmark Inc. raised its holdings in Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after acquiring an additional 1,546 shares in the last quarter. Finally, CVA Family Office LLC lifted its position in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after acquiring an additional 1,205 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Truist Financial raised their price target on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Mizuho raised their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Tigress Financial upped their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Macquarie lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus upped their target price on Carnival Co. & from $27.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.62.

Carnival Co. & Trading Up 6.4 %

CCL opened at $26.80 on Friday. 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. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $27.17. The company’s 50 day moving average price is $24.03 and its two-hundred day moving average price is $19.49. The firm has a market capitalization of $30.93 billion, a price-to-earnings ratio of 23.93 and a beta of 2.67.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. Carnival Co. &’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.07) earnings per share. As a group, research analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Insider Activity

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 sale, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 11.00% of the company’s stock.

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.