Sigma Planning Corp Sells 1,723 Shares of Carnival Co. & plc (NYSE:CCL)

Sigma Planning Corp lessened its holdings in Carnival Co. & plc (NYSE:CCL) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,154 shares of the company’s stock after selling 1,723 shares during the quarter. Sigma Planning Corp’s holdings in Carnival Co. & were worth $951,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC grew its position in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after acquiring an additional 888 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Carnival Co. & in the 3rd quarter valued at approximately $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the 4th quarter valued at approximately $34,000. Assetmark Inc. increased its position in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, Crews Bank & Trust bought a new position in Carnival Co. & in the 4th quarter valued at approximately $50,000. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CCL shares. Truist Financial upped their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Bank of America increased their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Mizuho boosted their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley upped their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Finally, Loop Capital assumed coverage on shares of Carnival Co. & in a research report on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.11.

Carnival Co. & Stock Up 0.4 %

CCL stock opened at $23.74 on Wednesday. The stock’s fifty day simple moving average is $25.55 and its two-hundred day simple moving average is $22.37. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a market cap of $27.63 billion, a P/E ratio of 17.08, a P/E/G ratio of 0.73 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last posted 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 return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the prior year, the business posted ($0.07) earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

About Carnival Co. &

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.