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

Deseret Mutual Benefit Administrators lowered its position in shares of Carnival Co. & plc (NYSE:CCL) by 25.9% during the fourth quarter, HoldingsChannel reports. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in shares of Carnival Co. & in the 3rd quarter valued at about $25,000. Crewe Advisors LLC grew its position in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after buying an additional 888 shares during the last quarter. Assetmark Inc. grew its position in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & in the 4th quarter valued at about $34,000. Finally, Morse Asset Management Inc bought a new stake in shares of Carnival Co. & in the 3rd quarter valued at about $46,000. Institutional investors own 67.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CCL shares. Stifel Nicolaus upped their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report 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. Truist Financial upped their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Citigroup upped their target price on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Sanford C. Bernstein assumed coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Stock Down 5.6 %

CCL stock opened at $23.19 on Friday. The stock’s 50 day simple moving average is $25.64 and its 200 day simple moving average is $22.18. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company has a market cap 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.

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

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.