Sumitomo Mitsui Trust Group Inc. Decreases Stake in Carnival Co. & plc (NYSE:CCL)

Sumitomo Mitsui Trust Group Inc. cut its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,283,258 shares of the company's stock after selling 207,428 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Carnival Co. & worth $56,899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CCL. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the third quarter valued at approximately $25,000. Crewe Advisors LLC grew its stake in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after acquiring an additional 888 shares in the last quarter. Assetmark Inc. grew its stake in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company's stock worth $31,000 after acquiring an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the fourth quarter worth $34,000. Finally, CVA Family Office LLC grew its stake in shares of Carnival Co. & by 163.9% in the third quarter. CVA Family Office LLC now owns 1,940 shares of the company's stock worth $36,000 after acquiring an additional 1,205 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Shares of CCL traded down $0.00 during mid-day trading on Thursday, hitting $25.89. 14,543,485 shares of the company's stock were exchanged, compared to its average volume of 19,807,846. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The firm has a market capitalization of $30.14 billion, a P/E ratio of 18.62, a P/E/G ratio of 0.82 and a beta of 2.64. The business's 50 day moving average is $25.74 and its two-hundred day moving average is $21.71. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period last year, the company earned ($0.07) earnings per share. The company's revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CCL shares. 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 research report on Monday, December 16th. Loop Capital started coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a "hold" rating and a $25.00 price target for the company. Barclays boosted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. Bank of America boosted their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley boosted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.11.

Carnival Co. & Company 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.