Deseret Mutual Benefit Administrators Sells 535 Shares of Carnival Co. & plc (NYSE:CCL)

Deseret Mutual Benefit Administrators reduced its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 25.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,531 shares of the company’s stock after selling 535 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Carnival Co. & were worth $38,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after acquiring an additional 2,301,906 shares during the period. Geode Capital Management LLC boosted its stake in Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after purchasing an additional 811,692 shares during the period. Mizuho Securities USA LLC boosted its stake in Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after purchasing an additional 6,566,120 shares during the period. Goldentree Asset Management LP boosted its stake in Carnival Co. & by 16.1% in the 3rd quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company’s stock valued at $95,037,000 after purchasing an additional 712,469 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Carnival Co. & by 3.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,924,882 shares of the company’s stock valued at $72,532,000 after purchasing an additional 139,761 shares during the period. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Mizuho boosted their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company boosted their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Loop Capital assumed coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target for the company. The Goldman Sachs Group boosted their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Bank of America boosted their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $23.19 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The stock has a market capitalization of $26.99 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. The stock has a fifty day moving average of $25.64 and a 200-day moving average of $22.18.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS 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 analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) EPS. On average, sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & Profile

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.