Carnival Co. & plc (NYSE:CCL) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. trimmed its stake in shares of Carnival Co. & plc (NYSE:CCL) by 37.6% in the 4th quarter, HoldingsChannel reports. The firm owned 21,350 shares of the company’s stock after selling 12,843 shares during the period. Everence Capital Management Inc.’s holdings in Carnival Co. & were worth $396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Friedenthal Financial acquired a new position in Carnival Co. & during the 4th quarter worth $28,000. Massmutual Trust Co. FSB ADV lifted its holdings in Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares during the last quarter. Hanseatic Management Services Inc. purchased a new stake in Carnival Co. & during the 3rd quarter worth about $30,000. Planned Solutions Inc. purchased a new stake in Carnival Co. & during the 4th quarter worth about $41,000. Finally, First Horizon Advisors Inc. lifted its holdings in Carnival Co. & by 254.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock worth $38,000 after buying an additional 2,004 shares during the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $14.18 on Friday. The stock has a market capitalization of $15.91 billion, a PE ratio of 54.54 and a beta of 2.54. Carnival Co. & plc has a 52-week low of $8.70 and a 52-week high of $19.74. The stock’s 50-day moving average price is $15.64 and its 200 day moving average price is $15.39. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.04. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.55) EPS. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.01 EPS for the current year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the transaction, the chief financial officer now owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCL. Mizuho began coverage on Carnival Co. & in a report on Tuesday, March 26th. They set a “buy” rating and a $21.00 price target for the company. Truist Financial lifted their price target on Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 18th. Wells Fargo & Company raised Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target for the company in a report on Friday, January 5th. Deutsche Bank Aktiengesellschaft boosted their target price on Carnival Co. & from $14.00 to $18.00 and gave the company a “hold” rating in a report on Friday, December 22nd. Finally, Barclays boosted their target price on Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.47.

Carnival Co. & 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.