SouthState Corp Boosts Stake in Carnival Co. & plc (NYSE:CCL)

SouthState Corp raised its position in shares of Carnival Co. & plc (NYSE:CCL) by 1,357.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,320 shares of the company’s stock after buying an additional 4,955 shares during the quarter. SouthState Corp’s holdings in Carnival Co. & were worth $99,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Friedenthal Financial bought a new stake in Carnival Co. & in the fourth quarter worth $28,000. Hanseatic Management Services Inc. bought a new stake in shares of Carnival Co. & in the 3rd quarter worth about $30,000. Massmutual Trust Co. FSB ADV raised its position in shares of Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after buying an additional 739 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Carnival Co. & by 254.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company’s stock valued at $38,000 after acquiring an additional 2,004 shares during the last quarter. Finally, Bfsg LLC purchased a new position in Carnival Co. & in the fourth quarter worth about $38,000. Institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the topic of a number of recent research reports. Macquarie upped their price objective on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Truist Financial lifted their price objective on shares of Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 18th. Wells Fargo & Company raised shares of Carnival Co. & from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a research note on Friday, January 5th. Susquehanna dropped their price objective on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating for the company in a report on Monday, March 25th. Finally, Tigress Financial boosted 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price of $21.47.

Carnival Co. & Stock Down 0.1 %

NYSE:CCL traded down $0.02 during midday trading on Friday, reaching $14.44. 23,570,419 shares of the stock traded hands, compared to its average volume of 26,450,004. The stock has a market capitalization of $16.21 billion, a PE ratio of 55.58 and a beta of 2.53. Carnival Co. & plc has a 12-month low of $9.21 and a 12-month high of $19.74. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36. The business has a 50-day moving average of $15.57 and a two-hundred day moving average of $15.51.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the firm earned ($0.55) EPS. The business’s quarterly revenue was up 22.0% on a year-over-year basis. On average, equities analysts forecast that Carnival Co. & plc will post 1.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO David Bernstein sold 153,995 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the transaction, the chief financial officer now owns 181,981 shares in the company, valued at $2,797,047.97. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.00% of the company’s stock.

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.