Swiss National Bank Sells 89,700 Shares of Carnival Co. & plc (NYSE:CCL)

Swiss National Bank reduced its position in Carnival Co. & plc (NYSE:CCL) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,150,500 shares of the company’s stock after selling 89,700 shares during the quarter. Swiss National Bank owned approximately 0.28% of Carnival Co. & worth $58,410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Friedenthal Financial acquired a new position in shares of Carnival Co. & in the 4th quarter worth approximately $28,000. Massmutual Trust Co. FSB ADV lifted its holdings in Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock worth $34,000 after buying an additional 739 shares in the last quarter. Bfsg LLC bought a new position in Carnival Co. & in the fourth quarter valued at about $38,000. Hanseatic Management Services Inc. bought a new position in shares of Carnival Co. & in the 3rd quarter valued at about $30,000. Finally, Planned Solutions Inc. acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $41,000. Institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCL. Macquarie raised their target price on Carnival Co. & from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Tigress Financial increased their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, April 22nd. Susquehanna dropped their target price on Carnival Co. & from $23.00 to $22.00 and set a “positive” rating on the stock in a report on Monday, March 25th. Finally, Barclays increased their price target on shares of Carnival Co. & from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.47.

Insider Activity at Carnival Co. &

In related news, CFO David Bernstein sold 153,995 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.37, for a total value of $2,366,903.15. Following the sale, the chief financial officer now directly owns 181,981 shares of the company’s stock, valued at $2,797,047.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 11.00% of the stock is currently owned by insiders.

Carnival Co. & Stock Down 0.1 %

NYSE CCL opened at $14.44 on Monday. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 55.54 and a beta of 2.53. Carnival Co. & plc has a 1-year low of $9.21 and a 1-year high of $19.74. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. The company has a 50 day moving average of $15.55 and a 200-day moving average of $15.58.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter last year, the business earned ($0.55) earnings per share. Carnival Co. &’s revenue was up 22.0% on a year-over-year basis. On average, equities research analysts expect that Carnival Co. & plc will post 1.02 earnings per share for the current fiscal year.

Carnival Co. & Company Profile

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.