Carnival Co. & plc (NYSE:CCL) Shares Sold by Tredje AP fonden

Tredje AP fonden cut its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 157,038 shares of the company’s stock after selling 2,474 shares during the period. Tredje AP fonden’s holdings in Carnival Co. & were worth $2,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TCW Group Inc. acquired a new position in Carnival Co. & during the 4th quarter valued at about $280,000. Empowered Funds LLC increased its stake in shares of Carnival Co. & by 29.4% during the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after acquiring an additional 3,741 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in Carnival Co. & by 72.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after purchasing an additional 103,501 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Carnival Co. & by 7.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 176,147 shares of the company’s stock worth $3,266,000 after purchasing an additional 12,017 shares during the period. Finally, Cetera Advisors LLC lifted its position in Carnival Co. & by 38.3% in the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock worth $665,000 after purchasing an additional 11,276 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Up 2.2 %

Shares of Carnival Co. & stock opened at $18.77 on Friday. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74. The company has a market cap of $21.06 billion, a P/E ratio of 28.87 and a beta of 2.68. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The stock has a 50-day moving average price of $16.57 and a 200 day moving average price of $16.12.

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

Analyst Ratings Changes

A number of research firms have recently commented on CCL. Susquehanna reissued a “positive” rating and issued a $22.00 price objective on shares of Carnival Co. & in a research note on Wednesday, June 26th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a report on Tuesday, September 3rd. Argus lifted their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Truist Financial increased their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

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.