International Assets Investment Management LLC Has $3.07 Million Position in Carnival Co. & plc (NYSE:CCL)

International Assets Investment Management LLC trimmed its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 95.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,645 shares of the company's stock after selling 2,887,544 shares during the quarter. International Assets Investment Management LLC's holdings in Carnival Co. & were worth $3,067,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CCL. State Street Corp increased its holdings in Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company's stock worth $765,563,000 after buying an additional 2,301,906 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Carnival Co. & in the 2nd quarter valued at about $466,838,000. Geode Capital Management LLC grew its holdings in Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company's stock worth $442,515,000 after purchasing an additional 811,692 shares during the period. Marshall Wace LLP increased its position in Carnival Co. & by 510.5% during the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock worth $193,398,000 after buying an additional 8,638,865 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Carnival Co. & by 43.6% in the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock valued at $179,435,000 after buying an additional 2,911,100 shares during the period. Institutional investors and hedge funds own 67.19% of the company's stock.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now directly owns 65,789 shares of the company's stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.00% of the company's stock.

Carnival Co. & Price Performance

Shares of NYSE CCL traded up $0.37 during mid-day trading on Wednesday, reaching $24.21. The company had a trading volume of 18,526,352 shares, compared to its average volume of 21,742,129. Carnival Co. & plc has a one year low of $13.78 and a one year high of $27.17. The business's 50-day simple moving average is $24.93 and its 200 day simple moving average is $20.27. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The firm has a market cap of $27.94 billion, a price-to-earnings ratio of 21.62 and a beta of 2.64.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS. On average, research analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on CCL. Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Macquarie upped their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Truist Financial raised their target price on shares of Carnival Co. & from $20.00 to $29.00 and gave the stock a "hold" rating in a research note on Monday, December 2nd. Citigroup upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company boosted their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.18.

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.