Hartford Investment Management Co. Cuts Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Hartford Investment Management Co. reduced its stake in Carnival Co. & plc (NYSE:CCL) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,844 shares of the company’s stock after selling 748 shares during the quarter. Hartford Investment Management Co.’s holdings in Carnival Co. & were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Lecap Asset Management Ltd. purchased a new stake in shares of Carnival Co. & during the 3rd quarter valued at $528,000. Signaturefd LLC raised its position in Carnival Co. & by 6.2% during the third quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock valued at $249,000 after purchasing an additional 785 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Carnival Co. & by 4.6% during the third quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company’s stock worth $506,000 after purchasing an additional 1,211 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after purchasing an additional 39,491 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Carnival Co. & by 6.1% during the 3rd quarter. Blue Trust Inc. now owns 25,086 shares of the company’s stock valued at $470,000 after purchasing an additional 1,440 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $20.89 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. The stock has a fifty day moving average of $18.08 and a 200 day moving average of $16.70. The firm has a market capitalization of $23.45 billion, a price-to-earnings ratio of 32.15 and a beta of 2.69. Carnival Co. & plc has a 52 week low of $10.95 and a 52 week high of $21.80.

Carnival Co. & (NYSE:CCL) last posted its 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 analysts’ expectations of $7.82 billion. During the same period last year, the company posted $0.86 EPS. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, research analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on CCL shares. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Mizuho increased their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Citigroup lifted 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 raised their price objective on Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their target price on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.53.

Carnival Co. & Company 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.