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

Brookstone Capital Management lowered its stake in Carnival Co. & plc (NYSE:CCL) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,130 shares of the company’s stock after selling 2,225 shares during the quarter. Brookstone Capital Management’s holdings in Carnival Co. & were worth $302,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. EWG Elevate Inc. increased its stake in shares of Carnival Co. & by 128.2% during the fourth quarter. EWG Elevate Inc. now owns 29,907 shares of the company’s stock worth $745,000 after buying an additional 16,800 shares during the period. Czech National Bank increased its stake in Carnival Co. & by 9.5% in the fourth quarter. Czech National Bank now owns 225,262 shares of the company’s stock valued at $5,614,000 after purchasing an additional 19,472 shares during the last quarter. Graypoint LLC increased its stake in Carnival Co. & by 5.3% in the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after purchasing an additional 560 shares during the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $215,000. Finally, Range Financial Group LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $439,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CCL shares. Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Stifel Nicolaus raised their target price on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Sanford C. Bernstein began coverage on Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Truist Financial lifted their price objective on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Finally, Bank of America lifted their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.18.

Carnival Co. & Price Performance

Shares of CCL stock opened at $25.85 on Friday. The stock’s fifty day simple moving average is $25.22 and its 200 day simple moving average is $20.61. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a one year low of $13.78 and a one year high of $27.17. The firm has a market cap of $29.83 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 0.77 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) earnings per share. On average, analysts expect that Carnival Co. & plc will post 1.74 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.00% of the company’s stock.

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.