Truist Financial Corp Reduces Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Truist Financial Corp reduced its holdings in Carnival Co. & plc (NYSE:CCL) by 28.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,146 shares of the company’s stock after selling 23,515 shares during the period. Truist Financial Corp’s holdings in Carnival Co. & were worth $1,133,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Allworth Financial LP boosted its holdings in shares of Carnival Co. & by 5.7% in the 2nd quarter. Allworth Financial LP now owns 11,660 shares of the company’s stock valued at $220,000 after acquiring an additional 630 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Carnival Co. & by 48.4% in the 2nd quarter. UMB Bank n.a. now owns 2,068 shares of the company’s stock valued at $39,000 after acquiring an additional 674 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Carnival Co. & by 2.5% during the second quarter. Crossmark Global Holdings Inc. now owns 28,282 shares of the company’s stock worth $523,000 after buying an additional 679 shares in the last quarter. Lido Advisors LLC boosted its holdings in Carnival Co. & by 0.4% during the first quarter. Lido Advisors LLC now owns 189,260 shares of the company’s stock worth $3,826,000 after buying an additional 803 shares in the last quarter. Finally, Czech National Bank boosted its holdings in Carnival Co. & by 0.7% during the second quarter. Czech National Bank now owns 118,865 shares of the company’s stock worth $2,238,000 after buying an additional 808 shares in the last quarter. 55.54% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of NYSE CCL opened at $12.55 on Monday. The firm has a 50-day simple moving average of $13.59 and a 200-day simple moving average of $14.17. The stock has a market capitalization of $14.05 billion, a price-to-earnings ratio of -9.30 and a beta of 2.45. The company has a quick ratio of 0.38, a current ratio of 0.43 and a debt-to-equity ratio of 4.24. Carnival Co. & plc has a 52 week low of $7.53 and a 52 week high of $19.55.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, September 29th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.11. Carnival Co. & had a negative net margin of 8.11% and a negative return on equity of 15.00%. The firm had revenue of $6.85 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the business earned ($0.58) earnings per share. Carnival Co. &’s revenue was up 59.2% compared to the same quarter last year. On average, equities analysts predict that Carnival Co. & plc will post -0.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CCL. William Blair began coverage on shares of Carnival Co. & in a report on Monday, October 2nd. They set an “outperform” rating on the stock. Susquehanna lowered their price target on shares of Carnival Co. & from $17.00 to $16.00 and set a “positive” rating on the stock in a report on Monday, October 2nd. Macquarie lowered their price target on shares of Carnival Co. & from $17.00 to $16.00 in a report on Wednesday, September 27th. Barclays lowered their price target on shares of Carnival Co. & from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, September 21st. Finally, UBS Group reduced their price objective on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.67.

Insider Buying and Selling

In other news, Director Randall J. Weisenburger acquired 350,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 10th. The stock was purchased at an average cost of $12.99 per share, for a total transaction of $4,546,500.00. Following the completion of the transaction, the director now owns 961,238 shares in the company, valued at $12,486,481.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Randall J. Weisenburger bought 100,000 shares of the stock in a transaction on Thursday, October 19th. The stock was bought at an average price of $11.50 per share, with a total value of $1,150,000.00. Following the completion of the purchase, the director now directly owns 378,368 shares in the company, valued at approximately $4,351,232. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Randall J. Weisenburger bought 350,000 shares of the stock in a transaction on Tuesday, October 10th. The shares were bought at an average cost of $12.99 per share, with a total value of $4,546,500.00. Following the purchase, the director now owns 961,238 shares of the company’s stock, valued at $12,486,481.62. The disclosure for this purchase can be found here. 11.10% of the stock is owned by company insiders.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services. The company operates a fleet of more than 90 ships visit approximately 700 ports under AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (Australia), P&O Cruises (UK), and Seabourn brand names.