Parkside Financial Bank & Trust Acquires 689 Shares of Carnival Co. & plc (NYSE:CCL)

Parkside Financial Bank & Trust lifted its holdings in Carnival Co. & plc (NYSE:CCL) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,341 shares of the company’s stock after buying an additional 689 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Carnival Co. & were worth $136,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Sunbelt Securities Inc. grew its position in shares of Carnival Co. & by 4.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after buying an additional 601 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Carnival Co. & by 67.2% in 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 period. Signaturefd LLC boosted its stake in Carnival Co. & by 8.7% in the 4th quarter. Signaturefd LLC now owns 10,648 shares of the company’s stock worth $197,000 after purchasing an additional 852 shares in the last quarter. Ieq Capital LLC boosted its stake in Carnival Co. & by 2.9% in the 3rd quarter. Ieq Capital LLC now owns 37,290 shares of the company’s stock worth $512,000 after purchasing an additional 1,045 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Carnival Co. & by 1.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 84,810 shares of the company’s stock worth $1,164,000 after purchasing an additional 1,050 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $15.01 on Thursday. The firm’s 50 day moving average price is $15.58 and its 200-day moving average price is $15.44. Carnival Co. & plc has a twelve month low of $8.70 and a twelve month high of $19.74. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The stock has a market capitalization of $16.85 billion, a PE ratio of 57.73 and a beta of 2.54.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping 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 net margin of 1.79% and a return on equity of 7.75%. The business’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.55) EPS. Equities research analysts expect that Carnival Co. & plc will post 1.02 EPS for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CCL shares. Mizuho started coverage on shares of Carnival Co. & in a research note on Tuesday, March 26th. They issued a “buy” rating and a $21.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of Carnival Co. & from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Argus dropped their price target on shares of Carnival Co. & from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, April 1st. Wells Fargo & Company upgraded shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a research note on Friday, January 5th. Finally, Tigress Financial upped their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.47.

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.