The Manufacturers Life Insurance Company Sells 5,022 Shares of Carnival Co. & plc (NYSE:CCL)

The Manufacturers Life Insurance Company cut its stake in Carnival Co. & plc (NYSE:CCLFree Report) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 706,137 shares of the company’s stock after selling 5,022 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.06% of Carnival Co. & worth $13,092,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCL. Friedenthal Financial purchased a new position in shares of Carnival Co. & during the fourth quarter valued at $28,000. Hanseatic Management Services Inc. acquired a new stake in Carnival Co. & in the third quarter worth about $30,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of 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 purchasing an additional 739 shares during the period. Bfsg LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter worth about $38,000. Finally, Stonebridge Capital Advisors LLC lifted its holdings in shares of Carnival Co. & by 100.1% during the third quarter. Stonebridge Capital Advisors LLC now owns 2,999 shares of the company’s stock worth $41,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL stock opened at $16.53 on Tuesday. 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 $18.55 billion, a P/E ratio of 63.58 and a beta of 2.57. The business’s 50-day moving average is $15.09 and its two-hundred day moving average is $16.08. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74.

Carnival Co. & (NYSE:CCLGet Free Report) last issued its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.42 billion. During the same quarter last year, the company earned ($0.55) EPS. The business’s quarterly revenue was up 22.0% on a year-over-year basis. Analysts anticipate that Carnival Co. & plc will post 1.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CCL. JPMorgan Chase & Co. lifted their price target on Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. The Goldman Sachs Group began coverage on Carnival Co. & in a research note on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price objective for the company. Macquarie increased their price objective on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Barclays upped their target price on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Truist Financial dropped their target price on Carnival Co. & from $18.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, May 29th. 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 data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $21.53.

View Our Latest Stock Analysis on Carnival Co. &

Carnival Co. & Profile

(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.

Recommended Stories

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

Receive News & Ratings for Carnival Co. & Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carnival Co. & and related companies with MarketBeat.com's FREE daily email newsletter.