Sigma Planning Corp Sells 18,448 Shares of Carnival Corporation (NYSE:CCL)

Sigma Planning Corp reduced its stake in Carnival Corporation (NYSE:CCL - Free Report) by 48.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,706 shares of the company's stock after selling 18,448 shares during the period. Sigma Planning Corp's holdings in Carnival were worth $385,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CCL. Corient Private Wealth LLC grew its holdings in shares of Carnival by 0.5% during the fourth quarter. Corient Private Wealth LLC now owns 227,293 shares of the company's stock valued at $5,664,000 after buying an additional 1,159 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Carnival by 2.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 54,814 shares of the company's stock valued at $1,366,000 after buying an additional 1,085 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Carnival during the fourth quarter valued at approximately $165,000. Royal London Asset Management Ltd. boosted its holdings in Carnival by 3.7% in the fourth quarter. Royal London Asset Management Ltd. now owns 793,105 shares of the company's stock worth $19,764,000 after purchasing an additional 28,527 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Carnival in the fourth quarter worth approximately $4,960,000. 67.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley boosted their target price on shares of Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Barclays lifted their price target on shares of Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Truist Financial set a $27.00 price target on shares of Carnival in a research note on Monday, June 23rd. Hsbc Global Res raised shares of Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Citigroup lifted their price target on shares of Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Carnival currently has an average rating of "Moderate Buy" and an average target price of $29.06.

Carnival Stock Performance

Shares of CCL opened at $29.56 on Friday. The business's fifty day moving average price is $25.30 and its 200 day moving average price is $23.19. Carnival Corporation has a 12-month low of $13.78 and a 12-month high of $30.46. The stock has a market capitalization of $34.51 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 0.65 and a beta of 2.61. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30.

Carnival (NYSE:CCL - Get Free Report) last issued its earnings results on Tuesday, June 24th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.11. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The firm had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the company earned $0.11 earnings per share. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts forecast that Carnival Corporation will post 1.77 EPS for the current year.

About Carnival

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.