Carnival Corporation (NYSE:CCL) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 9.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 246,026 shares of the company's stock after selling 25,560 shares during the period. DekaBank Deutsche Girozentrale's holdings in Carnival were worth $4,744,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Measured Risk Portfolios Inc. purchased a new position in Carnival during the fourth quarter worth about $29,000. Orion Capital Management LLC acquired a new stake in shares of Carnival in the fourth quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new stake in Carnival in the fourth quarter valued at approximately $34,000. Dunhill Financial LLC boosted its holdings in shares of Carnival by 1,125.0% in the 1st quarter. Dunhill Financial LLC now owns 1,862 shares of the company's stock valued at $36,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Wealthquest Corp purchased a new stake in shares of Carnival during the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Stock Performance

Shares of NYSE:CCL traded up $0.05 during trading on Wednesday, hitting $29.02. 17,898,082 shares of the company traded hands, compared to its average volume of 24,951,924. The stock has a market capitalization of $33.88 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.65 and a beta of 2.61. Carnival Corporation has a one year low of $13.78 and a one year high of $30.46. The company has a quick ratio of 0.30, a current ratio of 0.34 and a debt-to-equity ratio of 2.58. The business's fifty day moving average is $24.74 and its 200-day moving average is $23.10.

Carnival (NYSE:CCL - Get Free Report) last posted its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. The company had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. As a group, equities analysts predict that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CCL. Truist Financial set a $27.00 price target on Carnival in a research report on Monday, June 23rd. Tigress Financial reissued a "buy" rating on shares of Carnival in a research report on Wednesday, March 26th. Macquarie reduced their target price on shares of Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Citigroup increased their price target on Carnival from $30.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Morgan Stanley boosted their price objective on Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Thursday, June 26th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued 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 $29.06.

Carnival 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.