Securian Asset Management Inc. Sells 1,261 Shares of Carnival Co. & plc (NYSE:CCL)

Securian Asset Management Inc. decreased its stake in shares of Carnival Co. & plc (NYSE:CCL) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 58,080 shares of the company’s stock after selling 1,261 shares during the quarter. Securian Asset Management Inc.’s holdings in Carnival Co. & were worth $1,087,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Carnival Co. & by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock valued at $2,098,055,000 after acquiring an additional 559,038 shares during the period. Dimensional Fund Advisors LP grew its stake in Carnival Co. & by 19.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock worth $95,001,000 after purchasing an additional 844,014 shares during the period. Commonwealth Equity Services LLC grew its stake in Carnival Co. & by 16.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,697,626 shares of the company’s stock worth $87,094,000 after purchasing an additional 652,798 shares during the period. Earnest Partners LLC boosted its holdings in Carnival Co. & by 12.5% in the first quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock worth $74,631,000 after acquiring an additional 507,045 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Carnival Co. & by 210.1% in the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after acquiring an additional 2,638,564 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Down 1.2 %

NYSE:CCL traded down $0.17 during trading hours on Monday, reaching $14.60. The company’s stock had a trading volume of 12,875,598 shares, compared to its average volume of 30,676,906. The stock has a 50 day moving average price of $16.96 and a two-hundred day moving average price of $15.98. The company has a market capitalization of $16.39 billion, a P/E ratio of 22.55 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. Carnival Co. & plc has a 12 month low of $10.84 and a 12 month high of $19.74.

Carnival Co. & (NYSE:CCL) last released its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same period in the prior year, the firm earned ($0.31) EPS. The firm’s revenue was up 17.7% on a year-over-year basis. Equities analysts predict that Carnival Co. & plc will post 1.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CCL. Deutsche Bank Aktiengesellschaft boosted their target price on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. Truist Financial boosted their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Citigroup boosted their price objective on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. Susquehanna restated a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a research note on Wednesday, June 26th. Finally, JPMorgan Chase & Co. upped their target price on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.33.

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.