Forsta AP Fonden Has $3.47 Million Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Forsta AP Fonden trimmed its holdings in Carnival Co. & plc (NYSE:CCL) by 14.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,100 shares of the company’s stock after selling 30,500 shares during the period. Forsta AP Fonden’s holdings in Carnival Co. & were worth $3,465,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Family Firm Inc. acquired a new position in Carnival Co. & during the second quarter worth $26,000. Hantz Financial Services Inc. bought a new stake in shares of Carnival Co. & during the 2nd quarter worth about $30,000. Richardson Capital Management LLC bought a new stake in shares of Carnival Co. & during the 1st quarter worth about $26,000. ICA Group Wealth Management LLC acquired a new position in shares of Carnival Co. & during the 4th quarter valued at about $31,000. Finally, BNP Paribas bought a new position in shares of Carnival Co. & in the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Up 2.0 %

Shares of CCL opened at $17.26 on Monday. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The firm has a market capitalization of $19.37 billion, a price-to-earnings ratio of 26.55 and a beta of 2.68. The stock’s 50-day moving average price is $16.54 and its 200 day moving average price is $16.06.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same period in the previous year, the company posted ($0.31) earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, research analysts predict that Carnival Co. & plc will post 1.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCL. Citigroup upped their target price on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Morgan Stanley raised their target price on shares of Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Susquehanna reaffirmed a “positive” rating and issued a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday, June 26th. Finally, Truist Financial boosted their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $22.25.

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.