Congress Wealth Management LLC DE Sells 37,359 Shares of Carnival Co. & plc (NYSE:CCL)

Congress Wealth Management LLC DE lowered its stake in Carnival Co. & plc (NYSE:CCL) by 76.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,327 shares of the company’s stock after selling 37,359 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Carnival Co. & were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock worth $2,918,022,000 after acquiring an additional 4,458,329 shares during the period. State Street Corp raised its position in shares of Carnival Co. & by 5.9% during the 3rd 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 during the period. Geode Capital Management LLC raised its position in shares of Carnival Co. & by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after purchasing an additional 811,692 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Carnival Co. & by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock worth $155,745,000 after buying an additional 223,195 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Carnival Co. & by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after buying an additional 19,768 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Down 4.5 %

NYSE CCL opened at $19.85 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The firm has a market capitalization of $23.15 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 0.73 and a beta of 2.66. The company has a fifty day moving average of $23.79 and a two-hundred day moving average of $23.16.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the previous year, the company earned ($0.14) EPS. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

CCL has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. BNP Paribas initiated coverage on Carnival Co. & in a report on Thursday. They issued an “outperform” rating and a $26.00 price target on the stock. Truist Financial increased their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Barclays lifted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Monday, December 23rd. Finally, Loop Capital dropped their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Company 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.