Carnival Co. & plc (NYSE:CCL) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 76.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,327 shares of the company's stock after selling 37,359 shares during the quarter. Congress Wealth Management LLC DE's holdings in Carnival Co. & were worth $282,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in Carnival Co. & by 1.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after buying an additional 1,678 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Carnival Co. & by 153.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock worth $8,386,000 after acquiring an additional 203,710 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock worth $2,164,000 after acquiring an additional 18,269 shares during the last quarter. Convergence Investment Partners LLC increased its holdings in shares of Carnival Co. & by 54.4% during the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock valued at $1,002,000 after acquiring an additional 14,165 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of Carnival Co. & by 181.7% in the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company's stock valued at $2,288,000 after purchasing an additional 79,857 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCL has been the topic of several research analyst reports. Wells Fargo & Company boosted their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. Loop Capital dropped their target price on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Monday, March 24th. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. StockNews.com upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Finally, Mizuho upped their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $26.89.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock traded down $2.74 during mid-day trading on Thursday, reaching $17.29. 46,214,518 shares of the stock traded hands, compared to its average volume of 26,130,059. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The business has a 50-day moving average of $23.26 and a 200 day moving average of $23.17. The stock has a market capitalization of $20.16 billion, a PE ratio of 12.44, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the prior year, the company earned ($0.14) EPS. The firm's revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

About Carnival Co. &

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.