DekaBank Deutsche Girozentrale Lowers Position in Carnival Co. & plc (NYSE:CCL)

DekaBank Deutsche Girozentrale reduced its holdings in Carnival Co. & plc (NYSE:CCL) by 4.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 142,525 shares of the company’s stock after selling 6,659 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Carnival Co. & were worth $2,646,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CCL. Pacific Center for Financial Services purchased a new position in shares of Carnival Co. & in the 1st quarter valued at approximately $29,000. Hanseatic Management Services Inc. purchased a new position in shares of Carnival Co. & in the 3rd quarter valued at approximately $30,000. Farther Finance Advisors LLC lifted its stake in shares of Carnival Co. & by 59.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,792 shares of the company’s stock valued at $34,000 after purchasing an additional 669 shares during the period. Massmutual Trust Co. FSB ADV lifted its stake in shares of Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after purchasing an additional 739 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in Carnival Co. & by 254.3% during the third quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock valued at $38,000 after buying an additional 2,004 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was 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 owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Carnival Co. & Stock Performance

Shares of CCL opened at $14.36 on Friday. The business has a fifty day moving average of $15.77 and a 200 day moving average of $15.39. Carnival Co. & plc has a one year low of $8.70 and a one year high of $19.74. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The firm has a market capitalization of $16.12 billion, a P/E ratio of 55.23 and a beta of 2.54.

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

Carnival Co. & Company 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.