Carnival Co. & plc (NYSE:CCL) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. decreased its stake in Carnival Co. & plc (NYSE:CCL) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,342 shares of the company’s stock after selling 3,700 shares during the period. Stratos Wealth Partners LTD.’s holdings in Carnival Co. & were worth $785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacific Center for Financial Services acquired a new stake in shares of Carnival Co. & in the first quarter valued at about $29,000. Hanseatic Management Services Inc. acquired a new position in Carnival Co. & during the third quarter worth about $30,000. Farther Finance Advisors LLC raised its position in Carnival Co. & by 59.6% during the second quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock worth $34,000 after acquiring an additional 669 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in Carnival Co. & by 67.2% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after acquiring an additional 739 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in Carnival Co. & by 254.3% during the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock worth $38,000 after acquiring an additional 2,004 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $14.97 on Friday. Carnival Co. & plc has a 1 year low of $8.70 and a 1 year high of $19.74. The firm has a 50 day moving average price of $15.82 and a 200 day moving average price of $15.38. The company has a market cap of $16.80 billion, a price-to-earnings ratio of 57.56 and a beta of 2.54. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The company had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the previous year, the firm earned ($0.55) earnings per share. Carnival Co. &’s revenue for the quarter was up 22.0% on a year-over-year basis. Sell-side analysts predict that Carnival Co. & plc will post 1.01 earnings per share for the current year.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the sale, the chief financial officer now directly owns 181,981 shares in the company, valued at $2,797,047.97. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 11.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Truist Financial lifted their target price on shares of Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. The Goldman Sachs Group assumed coverage on shares of Carnival Co. & in a research report on Wednesday, March 13th. They set a “buy” rating and a $20.00 target price for the company. Argus cut their target price on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, April 1st. Mizuho started coverage on shares of Carnival Co. & in a research report on Tuesday, March 26th. They set a “buy” rating and a $21.00 target price for the company. Finally, Wells Fargo & Company upgraded shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.47.

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.