Pictet Asset Management Holding SA Sells 22,127 Shares of Carnival Co. & plc (NYSE:CCL)

Pictet Asset Management Holding SA reduced its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 422,103 shares of the company's stock after selling 22,127 shares during the quarter. Pictet Asset Management Holding SA's holdings in Carnival Co. & were worth $10,519,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after acquiring an additional 4,458,329 shares in the last quarter. State Street Corp raised its position in shares of 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 purchasing an additional 2,301,906 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Carnival Co. & by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company's stock valued at $442,515,000 after purchasing an additional 811,692 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Carnival Co. & by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company's stock valued at $155,745,000 after purchasing an additional 223,195 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Carnival Co. & by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company's stock worth $145,571,000 after buying an additional 19,768 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Shares of NYSE CCL traded down $0.11 during midday trading on Monday, hitting $16.39. 41,387,327 shares of the company's stock were exchanged, compared to its average volume of 26,192,955. 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 firm has a market capitalization of $19.12 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company's 50 day moving average price is $22.90 and its 200 day moving average price is $23.22.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. The firm 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 revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) earnings per share. As a group, analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a report on Monday, March 24th. StockNews.com raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. William Blair restated an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Stifel Nicolaus upped their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Finally, Truist Financial lifted their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & has a consensus rating of "Moderate Buy" and a consensus target price of $26.89.

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.