Future Financial Wealth Managment LLC Trims Position in Carnival Co. & plc (NYSE:CCL)

Future Financial Wealth Managment LLC trimmed its holdings in Carnival Co. & plc (NYSE:CCL) by 40.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,000 shares of the company’s stock after selling 2,000 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in Carnival Co. & were worth $75,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Carnival Co. & in the 2nd quarter valued at $466,838,000. Marshall Wace LLP grew its position in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after purchasing an additional 8,638,865 shares during the period. Mizuho Securities USA LLC increased its stake in shares of Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after acquiring an additional 2,911,100 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of Carnival Co. & by 2,400.1% during the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company’s stock worth $556,280,000 after purchasing an additional 2,889,785 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Citigroup raised their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. The Goldman Sachs Group upped their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Bank of America raised their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Truist Financial boosted their target price on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.18.

Insider Activity at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now owns 65,789 shares of the company’s stock, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 11.00% of the stock is currently owned by insiders.

Carnival Co. & Stock Down 1.9 %

Shares of CCL traded down $0.45 during midday trading on Monday, hitting $23.82. The company had a trading volume of 9,818,362 shares, compared to its average volume of 19,875,139. The stock has a market cap of $27.49 billion, a price-to-earnings ratio of 21.27 and a beta of 2.64. The company’s 50 day moving average price is $25.06 and its 200 day moving average price is $20.41. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $27.17.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. Carnival Co. &’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. On average, equities research analysts predict that Carnival Co. & plc will post 1.33 EPS for the current year.

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.