Charles Schwab Investment Management Inc. Sells 260,443 Shares of Carnival Co. & plc (NYSE:CCL)

Charles Schwab Investment Management Inc. cut its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,928,532 shares of the company's stock after selling 260,443 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.53% of Carnival Co. & worth $109,915,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Stifel Nicolaus cut their target price on Carnival Co. & from $26.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, March 28th. Argus lowered their target price on shares of Carnival Co. & from $23.00 to $20.00 and set a "buy" rating for the company in a report on Monday, April 1st. Susquehanna cut their price target on shares of Carnival Co. & from $23.00 to $22.00 and set a "positive" rating on the stock in a report on Monday, March 25th. Mizuho began coverage on shares of Carnival Co. & in a research note on Tuesday, March 26th. They issued a "buy" rating and a $21.00 price objective for the company. Finally, Truist Financial boosted their target price on Carnival Co. & from $15.00 to $18.00 and gave the stock a "hold" rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $21.47.

Carnival Co. & Price Performance

CCL stock traded down $0.13 during midday trading on Friday, reaching $14.43. The company had a trading volume of 16,374,035 shares, compared to its average volume of 25,706,494. The firm has a 50-day moving average price of $15.43 and a 200-day moving average price of $15.66. 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 has a market capitalization of $16.20 billion, a P/E ratio of 55.50 and a beta of 2.53. Carnival Co. & plc has a 1 year low of $9.68 and a 1 year high of $19.74.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.04. The business had revenue of $5.41 billion for 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 was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.55) earnings per share. On average, research analysts anticipate that Carnival Co. & plc will post 1.02 earnings per share for the current fiscal year.

Insider Activity

In other Carnival Co. & news, CFO David Bernstein sold 153,995 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. 11.00% of the stock is owned by corporate insiders.

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.