City Holding Co. Sells 1,700 Shares of Carnival Co. & plc (NYSE:CCL)

City Holding Co. trimmed its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 30.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,900 shares of the company’s stock after selling 1,700 shares during the period. City Holding Co.’s holdings in Carnival Co. & were worth $97,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its position in Carnival Co. & by 49.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 240,019 shares of the company’s stock worth $4,493,000 after acquiring an additional 78,895 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Carnival Co. & by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock worth $109,444,000 after buying an additional 473,848 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Carnival Co. & by 15.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 78,405 shares of the company’s stock worth $1,448,000 after buying an additional 10,495 shares during the period. Blair William & Co. IL raised its holdings in Carnival Co. & by 13.4% during the 2nd quarter. Blair William & Co. IL now owns 20,944 shares of the company’s stock valued at $392,000 after buying an additional 2,483 shares during the last quarter. Finally, AE Wealth Management LLC boosted its position in Carnival Co. & by 46.6% during the 2nd quarter. AE Wealth Management LLC now owns 31,570 shares of the company’s stock valued at $591,000 after buying an additional 10,034 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Up 3.2 %

Shares of Carnival Co. & stock opened at $25.85 on Tuesday. The company has a 50-day simple moving average of $25.22 and a two-hundred day simple moving average of $20.65. The stock has a market capitalization of $29.83 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 0.77 and a beta of 2.64. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $27.17. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the business earned ($0.07) EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts anticipate that Carnival Co. & plc will post 1.74 EPS for the current fiscal year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. The trade was a 21.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CCL shares. Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Sanford C. Bernstein began coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. Morgan Stanley boosted their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Mizuho raised their price target 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, Tigress Financial boosted their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $27.18.

Carnival Co. & Company Profile

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.