Synovus Financial Corp Has $249,000 Position in Carnival Co. & plc (NYSE:CCL)

Synovus Financial Corp grew its stake in Carnival Co. & plc (NYSE:CCL) by 5.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,456 shares of the company’s stock after acquiring an additional 700 shares during the quarter. Synovus Financial Corp’s holdings in Carnival Co. & were worth $249,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CCL. Encompass Wealth Advisors LLC increased its stake in Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after purchasing an additional 451 shares in the last quarter. Metis Global Partners LLC increased its position in shares of Carnival Co. & by 2.0% in the 3rd quarter. Metis Global Partners LLC now owns 32,393 shares of the company’s stock valued at $599,000 after buying an additional 621 shares in the last quarter. PFG Investments LLC raised its stake in Carnival Co. & by 2.8% during the 3rd quarter. PFG Investments LLC now owns 23,659 shares of the company’s stock worth $437,000 after buying an additional 641 shares during the period. Fidelis Capital Partners LLC lifted its holdings in Carnival Co. & by 6.6% during the second quarter. Fidelis Capital Partners LLC now owns 12,368 shares of the company’s stock worth $232,000 after acquiring an additional 764 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Carnival Co. & by 6.2% in the third quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock valued at $249,000 after acquiring an additional 785 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CCL. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective on the stock. Truist Financial lifted their price target on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. The Goldman Sachs Group increased their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research report on Tuesday, September 3rd. Finally, Morgan Stanley increased their target price on Carnival Co. & from $15.00 to $16.50 and gave the stock an “underweight” rating in a report on Tuesday, October 1st. One 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. Based on data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $26.62.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $24.82 on Thursday. The stock has a market capitalization of $28.65 billion, a PE ratio of 22.16 and a beta of 2.67. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $27.17. The stock has a 50 day moving average price of $23.81 and a 200 day moving average price of $19.38. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30.

Carnival Co. & (NYSE:CCL) last released its earnings results on Monday, September 30th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period last year, the business earned $0.86 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. Analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal 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.