Cetera Investment Advisers Sells 18,542 Shares of Carnival Co. & plc (NYSE:CCL)

Cetera Investment Advisers decreased its position in shares of Carnival Co. & plc (NYSE:CCL) by 6.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 276,578 shares of the company’s stock after selling 18,542 shares during the period. Cetera Investment Advisers’ holdings in Carnival Co. & were worth $5,178,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CCL. Richardson Capital Management LLC bought a new stake in shares of Carnival Co. & during the 1st quarter valued at $26,000. Family Firm Inc. purchased a new stake in Carnival Co. & in the 2nd quarter worth $26,000. Hantz Financial Services Inc. purchased a new stake in Carnival Co. & in the 2nd quarter worth $30,000. BNP Paribas purchased a new position in shares of Carnival Co. & in the first quarter valued at about $32,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of Carnival Co. & in the first quarter worth about $34,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $18.87 on Wednesday. The stock has a market cap of $21.18 billion, a price-to-earnings ratio of 29.06 and a beta of 2.69. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The stock has a 50 day moving average price of $16.60 and a 200-day moving average price of $16.29. Carnival Co. & plc has a one year low of $10.84 and a one year high of $19.74.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Tigress Financial lifted their target price on Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday. Mizuho lifted their price objective on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Morgan Stanley upped their target price on shares of Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 1st. Truist Financial lifted their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Finally, Argus increased their price objective on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.16.

About Carnival Co. &

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.