FineMark National Bank & Trust Trims Holdings in Carnival Co. & plc (NYSE:CCL)

FineMark National Bank & Trust lowered its position in Carnival Co. & plc (NYSE:CCL) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,816 shares of the company’s stock after selling 1,000 shares during the period. FineMark National Bank & Trust’s holdings in Carnival Co. & were worth $270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Carnival Co. & by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares during the last quarter. State Street Corp lifted its position in Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the period. Geode Capital Management LLC boosted its holdings in Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after purchasing an additional 811,692 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Carnival Co. & by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock worth $155,745,000 after purchasing an additional 223,195 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Carnival Co. & by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock valued at $145,571,000 after buying an additional 19,768 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Truist Financial raised their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Loop Capital cut their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a report on Monday. Citigroup lowered their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday. Mizuho lifted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Monday. Finally, William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.94.

Carnival Co. & Stock Performance

NYSE CCL opened at $20.92 on Thursday. 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 stock’s 50 day simple moving average is $23.99 and its 200-day simple moving average is $23.10. The company has a market cap of $24.35 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the firm posted ($0.14) EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.