Carnival Co. & plc (NYSE:CCL) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in Carnival Co. & plc (NYSE:CCL) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,662 shares of the company’s stock after selling 920 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Carnival Co. & were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Carnival Co. & during the 3rd quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & during the 4th quarter worth about $34,000. Assetmark Inc. grew its position in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Carnival Co. & during the 4th quarter worth about $50,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 5.6 %

Shares of Carnival Co. & stock opened at $23.19 on Friday. The firm has a market capitalization of $26.99 billion, a PE ratio of 16.68, a P/E/G ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The firm’s 50-day moving average price is $25.64 and its 200 day moving average price is $22.18. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted ($0.07) EPS. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Stifel Nicolaus increased their price target on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Truist Financial raised 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 research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

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.