Carnival Co. & plc (NYSE:CCL) Shares Sold by Lincoln National Corp

Lincoln National Corp decreased its position in Carnival Co. & plc (NYSE:CCL – Get Rating) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,932 shares of the company’s stock after selling 1,327 shares during the period. Lincoln National Corp’s holdings in Carnival Co. & were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCL. Macroview Investment Management LLC purchased a new position in Carnival Co. & in the fourth quarter valued at $26,000. Accurate Wealth Management LLC acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $26,000. Parkside Financial Bank & Trust grew its holdings in Carnival Co. & by 69.8% in the third quarter. Parkside Financial Bank & Trust now owns 4,147 shares of the company’s stock valued at $29,000 after purchasing an additional 1,705 shares during the period. Spire Wealth Management grew its holdings in Carnival Co. & by 58.3% in the third quarter. Spire Wealth Management now owns 4,376 shares of the company’s stock valued at $31,000 after purchasing an additional 1,612 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its holdings in Carnival Co. & by 680.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,442 shares of the company’s stock valued at $36,000 after purchasing an additional 3,873 shares during the period. Hedge funds and other institutional investors own 49.87% of the company’s stock.

Carnival Co. & Trading Down 1.5 %

Shares of NYSE CCL opened at $10.49 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 5.30. The stock has a market capitalization of $11.71 billion, a PE ratio of -2.57 and a beta of 2.22. Carnival Co. & plc has a twelve month low of $6.11 and a twelve month high of $14.96. The stock has a fifty day simple moving average of $9.65 and a 200-day simple moving average of $9.75.

Carnival Co. & (NYSE:CCL – Get Rating) last issued its quarterly earnings results on Monday, March 27th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.05. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.30 billion. Carnival Co. & had a negative net margin of 32.68% and a negative return on equity of 57.75%. The business’s revenue for the quarter was up 173.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.65) earnings per share. On average, equities analysts forecast that Carnival Co. & plc will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays increased their price objective on shares of Carnival Co. & from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Tuesday, March 28th. Susquehanna raised Carnival Co. & from a “neutral” rating to a “positive” rating and set a $11.00 target price for the company in a report on Wednesday, March 29th. Credit Suisse Group increased their target price on Carnival Co. & from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Monday, March 27th. Citigroup increased their target price on Carnival Co. & from $9.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, January 31st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Carnival Co. & in a report on Friday, April 28th. They set a “neutral” rating and a $11.00 target price for the company. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Hold” and an average price target of $11.45.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 107,119 shares of the business’s stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $11.08, for a total value of $1,186,878.52. Following the completion of the transaction, the chief financial officer now owns 286,041 shares in the company, valued at $3,169,334.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.10% of the company’s stock.

Carnival Co. & Profile

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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.