Tredje AP fonden Sells 78,519 Shares of Carnival Co. & plc (NYSE:CCL)

Tredje AP fonden lessened its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,519 shares of the company’s stock after selling 78,519 shares during the quarter. Tredje AP fonden’s holdings in Carnival Co. & were worth $1,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CCL. Assetmark Inc. lifted its holdings in shares of 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 buying an additional 1,546 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & in the third quarter worth about $25,000. Apollon Wealth Management LLC lifted its holdings in shares of Carnival Co. & by 25.1% in the third quarter. Apollon Wealth Management LLC now owns 20,250 shares of the company’s stock worth $374,000 after buying an additional 4,062 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Carnival Co. & by 1.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,490,686 shares of the company’s stock worth $46,028,000 after buying an additional 28,403 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its holdings in shares of Carnival Co. & by 18.4% in the third quarter. Kovack Advisors Inc. now owns 13,377 shares of the company’s stock worth $247,000 after buying an additional 2,078 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CCL. Barclays raised their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. Loop Capital began coverage on shares of Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price on the stock. Truist Financial raised their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Morgan Stanley raised their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Stock Up 4.2 %

Shares of Carnival Co. & stock opened at $19.93 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The stock has a market capitalization of $23.20 billion, a price-to-earnings ratio of 14.33, a P/E/G ratio of 0.73 and a beta of 2.66. The company’s 50 day moving average price is $24.52 and its 200-day moving average price is $22.80.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the business posted ($0.07) earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Carnival Co. & Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.