Carnival Co. & plc (NYSE:CCL) Stock Position Decreased by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd trimmed its stake in shares of Carnival Co. & plc (NYSE:CCL) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,764 shares of the company’s stock after selling 5,903 shares during the period. UniSuper Management Pty Ltd’s holdings in Carnival Co. & were worth $2,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CCL. Crewe Advisors LLC lifted its stake in Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $34,000. 1620 Investment Advisors Inc. acquired a new position in Carnival Co. & in the 4th quarter worth approximately $42,000. Finally, Morse Asset Management Inc purchased a new position in Carnival Co. & during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. BNP Paribas started coverage on Carnival Co. & in a research report on Thursday. They issued an “outperform” rating and a $26.00 target price for the company. Truist Financial lifted their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Loop Capital reduced their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Citigroup lowered their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Finally, Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Price Performance

NYSE CCL opened at $19.85 on Friday. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a fifty day simple moving average of $23.79 and a 200 day simple moving average of $23.16. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market cap of $23.15 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same period last year, the business posted ($0.14) earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current 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.