Steward Partners Investment Advisory LLC Reduces Holdings in Carnival Co. & plc (NYSE:CCL)

Steward Partners Investment Advisory LLC lowered its stake in shares of Carnival Co. & plc (NYSE:CCLFree Report) by 60.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,607 shares of the company’s stock after selling 23,773 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Carnival Co. & were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of CCL. Norges Bank purchased a new position in shares of Carnival Co. & during the 4th quarter worth approximately $40,236,000. Deutsche Bank AG lifted its position in Carnival Co. & by 117.5% during the third quarter. Deutsche Bank AG now owns 3,498,569 shares of the company’s stock valued at $48,000,000 after buying an additional 1,890,081 shares during the period. International Assets Investment Management LLC lifted its position in Carnival Co. & by 1,589.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,789,351 shares of the company’s stock valued at $331,750,000 after buying an additional 1,683,434 shares during the period. Blackstone Inc. boosted its holdings in shares of Carnival Co. & by 50.8% during the 3rd quarter. Blackstone Inc. now owns 3,000,000 shares of the company’s stock valued at $41,160,000 after buying an additional 1,010,000 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its position in shares of Carnival Co. & by 1,599.8% in the 4th quarter. Panagora Asset Management Inc. now owns 963,261 shares of the company’s stock worth $17,859,000 after buying an additional 906,591 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Price Performance

NYSE CCL opened at $16.70 on Friday. The company has a 50-day moving average price of $15.08 and a 200-day moving average price of $16.05. Carnival Co. & plc has a 52 week low of $10.84 and a 52 week high of $19.74. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The firm has a market capitalization of $18.74 billion, a P/E ratio of 64.23 and a beta of 2.57.

Carnival Co. & (NYSE:CCLGet Free Report) last announced its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same period in the prior year, the company earned ($0.55) earnings per share. The firm’s revenue was up 22.0% on a year-over-year basis. Equities research analysts anticipate that Carnival Co. & plc will post 1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Susquehanna dropped their price objective on shares of Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a research note on Monday, March 25th. Stifel Nicolaus cut their price target on Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Wells Fargo & Company lifted their price objective on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. Finally, Macquarie lifted their price target on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.53.

View Our Latest Research Report on CCL

About Carnival Co. &

(Free Report)

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.

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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