Swiss National Bank Has $58.41 Million Position in Carnival Co. & plc (NYSE:CCL)

Swiss National Bank reduced its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing 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 period. Swiss National Bank owned 0.28% of Carnival Co. & worth $58,410,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Friedenthal Financial bought a new stake in Carnival Co. & in the 4th quarter worth about $28,000. Hanseatic Management Services Inc. bought a new position in shares of Carnival Co. & during the third quarter worth $30,000. Massmutual Trust Co. FSB ADV increased its holdings in Carnival Co. & by 67.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company's stock valued at $34,000 after acquiring an additional 739 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Carnival Co. & by 254.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,792 shares of the company's stock worth $38,000 after purchasing an additional 2,004 shares in the last quarter. Finally, Bfsg LLC bought a new position in shares of Carnival Co. & during the 4th quarter valued at about $38,000. Institutional investors own 67.19% of the company's stock.

Analyst Ratings Changes

CCL has been the subject of a number of research reports. Truist Financial increased their price target on Carnival Co. & from $15.00 to $18.00 and gave the company a "hold" rating in a research note on Thursday, January 18th. Stifel Nicolaus cut their price objective on shares of Carnival Co. & from $26.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, March 28th. Tigress Financial upped their price target on shares of Carnival Co. & from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, April 3rd. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a report on Monday, April 22nd. Finally, Susquehanna dropped their price target on Carnival Co. & from $23.00 to $22.00 and set a "positive" rating on the stock in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.47.

Insider Buying and Selling

In related news, CFO David Bernstein sold 153,995 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 181,981 shares of the company's stock, valued at approximately $2,797,047.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 11.00% of the company's stock.

Carnival Co. & Stock Up 1.1 %

Shares of Carnival Co. & stock traded up $0.16 during trading hours on Monday, hitting $14.60. The company had a trading volume of 29,195,029 shares, compared to its average volume of 31,243,738. Carnival Co. & plc has a twelve month low of $9.68 and a twelve month high of $19.74. The company has a market cap of $16.39 billion, a P/E ratio of 55.54 and a beta of 2.53. The company has a debt-to-equity ratio of 4.27, a current ratio of 0.36 and a quick ratio of 0.32. The company's 50-day moving average is $15.55 and its two-hundred day moving average is $15.58.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.04. The company had revenue of $5.41 billion during the quarter, compared to analysts' expectations of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.55) earnings per share. Analysts anticipate 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.