Carnival Co. & plc (NYSE:CCL) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 38.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 335,956 shares of the company's stock after selling 211,939 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Carnival Co. & were worth $8,372,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Hartford Investment Management Co. raised its position in Carnival Co. & by 0.6% in the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after purchasing an additional 387 shares during the period. Prestige Wealth Management Group LLC grew its stake in shares of Carnival Co. & by 23.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock valued at $54,000 after buying an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC raised its holdings in shares of Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock worth $267,000 after buying an additional 468 shares during the period. Sound View Wealth Advisors Group LLC boosted its holdings in Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after acquiring an additional 475 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its position in Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock valued at $1,224,000 after acquiring an additional 521 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

Carnival Co. & stock traded up $0.50 during trading on Wednesday, reaching $18.48. The company had a trading volume of 21,568,576 shares, compared to its average volume of 26,251,070. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm's 50-day simple moving average is $20.54 and its 200 day simple moving average is $23.11. The firm has a market capitalization of $21.56 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.14) earnings per share. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCL. William Blair reiterated an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Mizuho increased their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, March 24th. Barclays cut their price objective on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a report on Tuesday. Loop Capital lowered their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Monday, March 24th. Finally, Truist Financial increased their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.53.

Carnival Co. & Profile

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.