Carnival Co. & plc (NYSE:CCL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in Carnival Co. & plc (NYSE:CCL) by 19.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,844 shares of the company’s stock after selling 13,627 shares during the period. Thrivent Financial for Lutherans’ holdings in Carnival Co. & were worth $1,027,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCL. Richardson Capital Management LLC acquired a new position in Carnival Co. & during the 1st quarter worth approximately $26,000. Family Firm Inc. acquired a new stake in Carnival Co. & during the second quarter worth about $26,000. Hantz Financial Services Inc. acquired a new stake in shares of Carnival Co. & during the 2nd quarter worth approximately $30,000. BNP Paribas bought a new stake in shares of Carnival Co. & in the 1st quarter worth approximately $32,000. Finally, YHB Investment Advisors Inc. acquired a new position in Carnival Co. & during the 1st quarter valued at approximately $34,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

NYSE CCL opened at $18.02 on Friday. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74. The stock’s 50-day moving average price is $16.58 and its two-hundred day moving average price is $16.29. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The company has a market cap of $20.23 billion, a PE ratio of 27.72 and a beta of 2.69.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. Carnival Co. &’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 earnings per share. On average, analysts predict that Carnival Co. & plc will post 1.21 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on CCL. Argus upped their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft raised their target price on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. Citigroup boosted their price target on Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Bank of America lifted their price objective on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Finally, Truist Financial increased their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.97.

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.