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

Sumitomo Mitsui Trust Group Inc. trimmed its stake in shares of Carnival Co. & plc (NYSE:CCL) by 8.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,283,258 shares of the company’s stock after selling 207,428 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Carnival Co. & were worth $56,899,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mizuho Securities USA LLC boosted its position in shares of Carnival Co. & by 8,431.1% in the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after buying an additional 6,566,120 shares in the last quarter. International Assets Investment Management LLC raised its position in 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 acquiring an additional 2,889,785 shares during the last quarter. State Street Corp lifted its holdings in shares of Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of Carnival Co. & by 718.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after purchasing an additional 1,901,224 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Carnival Co. & during the 3rd quarter worth approximately $26,806,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL stock opened at $26.75 on Monday. The company has a market cap of $31.14 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. 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 stock has a 50-day moving average price of $25.77 and a two-hundred day moving average price of $21.54. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its 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. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the business earned ($0.07) EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, research analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CCL. Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. The Goldman Sachs Group boosted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Finally, Citigroup boosted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.11.

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.