Retirement Systems of Alabama Sells 4,332 Shares of Carnival Co. & plc (NYSE:CCL)

Retirement Systems of Alabama trimmed its stake in shares of Carnival Co. & plc (NYSE:CCL) by 1.9% in the third quarter, HoldingsChannel reports. The firm owned 218,480 shares of the company’s stock after selling 4,332 shares during the quarter. Retirement Systems of Alabama’s holdings in Carnival Co. & were worth $4,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Carnival Co. & in the second quarter valued at approximately $264,000. Raymond James & Associates grew its holdings in Carnival Co. & by 6.6% in the 2nd quarter. Raymond James & Associates now owns 483,794 shares of the company’s stock valued at $9,057,000 after buying an additional 30,001 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in Carnival Co. & by 22.7% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 54,974 shares of the company’s stock worth $1,029,000 after buying an additional 10,164 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in shares of Carnival Co. & during the second quarter worth $184,000. Finally, &PARTNERS boosted its position in shares of Carnival Co. & by 12.2% in the second quarter. &PARTNERS now owns 22,572 shares of the company’s stock valued at $423,000 after acquiring an additional 2,456 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $25.18 on Friday. The stock has a market cap of $29.06 billion, a PE ratio of 22.48 and a beta of 2.67. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $27.17. The business’s 50-day moving average price is $23.91 and its two-hundred day moving average price is $19.42.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. As a group, analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Tigress Financial raised their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Citigroup raised their target price on shares of Carnival Co. & from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Hsbc Global Res upgraded Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Mizuho raised their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Finally, Truist Financial lifted their price objective on Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $26.62.

Insider Transactions at Carnival Co. &

In related news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now owns 65,789 shares in the company, valued at $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 11.00% of the company’s stock.

Carnival Co. & 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.