Carnival Co. & plc (NYSE:CCL) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. cut its stake in Carnival Co. & plc (NYSE:CCL) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,255 shares of the company’s stock after selling 23,991 shares during the period. iA Global Asset Management Inc.’s holdings in Carnival Co. & were worth $3,844,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CCL. Empowered Funds LLC boosted its holdings in Carnival Co. & by 8.8% during the third quarter. Empowered Funds LLC now owns 16,975 shares of the company’s stock worth $314,000 after buying an additional 1,367 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Carnival Co. & by 35.1% during the third quarter. Natixis Advisors LLC now owns 678,001 shares of the company’s stock worth $12,529,000 after buying an additional 176,039 shares in the last quarter. Caprock Group LLC bought a new stake in Carnival Co. & during the third quarter worth approximately $201,000. Prospera Financial Services Inc boosted its holdings in Carnival Co. & by 4.0% during the third quarter. Prospera Financial Services Inc now owns 42,047 shares of the company’s stock worth $777,000 after buying an additional 1,598 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Carnival Co. & by 3.4% during the third quarter. PNC Financial Services Group Inc. now owns 191,834 shares of the company’s stock worth $3,545,000 after buying an additional 6,283 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CCL has been the subject of a number of recent analyst reports. Mizuho raised their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley raised their price objective 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. Wells Fargo & Company raised their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. The Goldman Sachs Group raised their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup increased their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Stock Performance

NYSE CCL opened at $21.21 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a market capitalization of $24.69 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 0.73 and a beta of 2.66. The company’s fifty day moving average is $24.25 and its two-hundred day moving average is $22.91. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating 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 analyst estimates of $5.94 billion. During the same period in the previous year, the business earned ($0.07) EPS. The firm’s revenue was up 10.0% on a year-over-year basis. Equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Carnival Co. & 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.