Carnival Co. & plc (NYSE:CCL) Shares Sold by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. decreased its position in shares of Carnival Co. & plc (NYSE:CCL) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,216 shares of the company’s stock after selling 947 shares during the quarter. Whalen Wealth Management Inc.’s holdings in Carnival Co. & were worth $554,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new stake in Carnival Co. & during the 3rd quarter worth approximately $25,000. Assetmark Inc. lifted its holdings in shares of Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the period. CVA Family Office LLC grew its position in Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares during the last quarter. Morse Asset Management Inc acquired a new position in Carnival Co. & in the 3rd quarter valued at $46,000. Finally, Avior Wealth Management LLC raised its position in Carnival Co. & by 50.7% during the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock worth $51,000 after buying an additional 924 shares during the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Sir Jonathon Band sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 11.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CCL shares. Morgan Stanley boosted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Macquarie increased their target price on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Truist Financial lifted their price target on Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Stifel Nicolaus increased their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Wells Fargo & Company raised their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $27.18.

Carnival Co. & Stock Performance

NYSE CCL opened at $25.28 on Thursday. The business’s 50-day moving average price is $25.28 and its 200 day moving average price is $20.80. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $27.17. The company has a market capitalization of $29.17 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 0.81 and a beta of 2.64.

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

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.