Deltec Asset Management LLC Sells 40,115 Shares of Carnival Co. & plc (NYSE:CCL)

Deltec Asset Management LLC reduced its stake in shares of Carnival Co. & plc (NYSE:CCL) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 749,053 shares of the company’s stock after selling 40,115 shares during the quarter. Carnival Co. & comprises 3.7% of Deltec Asset Management LLC’s portfolio, making the stock its 7th biggest position. Deltec Asset Management LLC owned 0.06% of Carnival Co. & worth $18,666,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after acquiring an additional 1,678 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Carnival Co. & by 72.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock worth $53,052,000 after buying an additional 1,204,500 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Carnival Co. & in the third quarter valued at approximately $1,140,000. Commonwealth Equity Services LLC increased its position in shares of Carnival Co. & by 1.0% during the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after acquiring an additional 39,491 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in shares of Carnival Co. & by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company’s stock worth $4,892,000 after acquiring an additional 24,198 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Stock Up 0.3 %

CCL opened at $27.13 on Wednesday. The stock’s fifty day simple moving average is $25.66 and its 200 day simple moving average is $21.38. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The stock has a market cap of $31.59 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64. 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. & (NYSE:CCL) last posted its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) EPS. As a group, research analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Bank of America upped their target price on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Citigroup increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Morgan Stanley upped their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Truist Financial lifted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group increased their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

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.