iA Global Asset Management Inc. Sells 23,991 Shares of Carnival Co. & plc (NYSE:CCL)

iA Global Asset Management Inc. cut its stake in Carnival Co. & plc (NYSE:CCL) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Crewe Advisors LLC raised its stake in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the fourth quarter valued at approximately $34,000. Crews Bank & Trust acquired a new position in shares of Carnival Co. & in the fourth quarter valued at approximately $50,000. Union Bancaire Privee UBP SA acquired a new position in Carnival Co. & during the fourth quarter worth $52,000. Finally, Venturi Wealth Management LLC boosted its holdings in Carnival Co. & by 39.2% during the fourth quarter. Venturi Wealth Management LLC now owns 2,207 shares of the company’s stock worth $55,000 after purchasing an additional 622 shares during the last quarter. 67.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. 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 report on Monday, December 23rd. Truist Financial increased their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Morgan Stanley increased 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. Finally, Stifel Nicolaus reduced their price target on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, March 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Stock Up 0.7 %

Carnival Co. & stock opened at $21.21 on Friday. The firm has a 50 day moving average price of $24.25 and a two-hundred day moving average price of $22.91. The firm has a market cap of $24.69 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 0.73 and a beta of 2.66. 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. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data 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. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) EPS. Equities analysts predict that Carnival Co. & plc will post 1.77 EPS 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.