Allspring Global Investments Holdings LLC Decreases Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Allspring Global Investments Holdings LLC trimmed its holdings in Carnival Co. & plc (NYSE:CCL) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,662 shares of the company’s stock after selling 920 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Carnival Co. & were worth $1,267,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CCL. Sequoia Financial Advisors LLC lifted its stake in Carnival Co. & by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company’s stock worth $506,000 after purchasing an additional 1,211 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Carnival Co. & by 6.2% during the 3rd quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock worth $249,000 after buying an additional 785 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $16,472,000. Dumont & Blake Investment Advisors LLC acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $352,000. Finally, Allworth Financial LP increased its holdings in shares of Carnival Co. & by 16.4% during the 3rd quarter. Allworth Financial LP now owns 16,469 shares of the company’s stock worth $304,000 after buying an additional 2,317 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CCL. The Goldman Sachs Group raised their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Barclays raised their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Finally, Morgan Stanley raised their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

Carnival Co. & Stock Performance

NYSE:CCL opened at $23.19 on Friday. The company has a fifty day simple moving average of $25.64 and a two-hundred day simple moving average of $22.18. The company has a market cap of $26.99 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. 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.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. As a group, equities analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

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.