Carnival Co. & plc (NYSE:CCL) Shares Sold by RFG Advisory LLC

RFG Advisory LLC trimmed its position in Carnival Co. & plc (NYSE:CCL) by 44.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,287 shares of the company’s stock after selling 8,095 shares during the period. RFG Advisory LLC’s holdings in Carnival Co. & were worth $191,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CCL. Pacific Center for Financial Services bought a new position in Carnival Co. & in the first quarter worth about $29,000. Hanseatic Management Services Inc. bought a new position in Carnival Co. & in the third quarter worth about $30,000. Farther Finance Advisors LLC lifted its holdings in Carnival Co. & by 59.6% in 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 lifted its holdings in Carnival Co. & by 67.2% in 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. lifted its holdings in Carnival Co. & by 254.3% in 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. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of Carnival Co. & 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 transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 11.00% of the stock is currently owned by company insiders.

Carnival Co. & Trading Down 4.1 %

Carnival Co. & stock opened at $14.36 on Friday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 55.23 and a beta of 2.54. Carnival Co. & plc has a 1 year low of $8.70 and a 1 year high of $19.74. The firm’s 50 day moving average price is $15.77 and its two-hundred day moving average price is $15.40.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results 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. The firm had revenue of $5.41 billion for the quarter, compared to analyst estimates of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.55) earnings per share. On average, research analysts predict that Carnival Co. & plc will post 1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Susquehanna cut their target price on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Monday, March 25th. JPMorgan Chase & Co. raised their target price on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Truist Financial lifted their price target on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 18th. Argus cut their price target on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Finally, Wells Fargo & Company raised Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.47.

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.