Carnival Co. & plc (NYSE:CCL) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its position in shares of Carnival Co. & plc (NYSE:CCL) by 8.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,283,258 shares of the company’s stock after selling 207,428 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Carnival Co. & worth $56,899,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CCL. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & during the 3rd quarter worth $25,000. Crewe Advisors LLC lifted its holdings in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the last quarter. Assetmark Inc. boosted its position in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new position in shares of Carnival Co. & in the 4th quarter valued at about $34,000. Finally, CVA Family Office LLC raised its position in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock worth $36,000 after acquiring an additional 1,205 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

Shares of CCL opened at $26.75 on Monday. The stock has a market capitalization of $31.14 billion, a P/E ratio of 19.24, a P/E/G ratio of 0.82 and a beta of 2.64. 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 1 year low of $13.78 and a 1 year high of $28.72. The company’s fifty day moving average is $25.77 and its two-hundred day moving average is $21.54.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) earnings per share. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CCL shares. Morgan Stanley upped their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Citigroup upped their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Barclays boosted their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.11.

About Carnival Co. &

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.