Congress Wealth Management LLC DE Sells 37,359 Shares of Carnival Co. & plc (NYSE:CCL)

Congress Wealth Management LLC DE lowered its stake in shares of Carnival Co. & plc (NYSE:CCL) by 76.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,327 shares of the company’s stock after selling 37,359 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Carnival Co. & were worth $282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Cerity Partners LLC raised its position in shares of Carnival Co. & by 181.7% in the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company’s stock worth $2,288,000 after acquiring an additional 79,857 shares in the last quarter. Fisher Asset Management LLC bought a new position in Carnival Co. & in the third quarter worth $418,000. FMR LLC lifted its position in Carnival Co. & by 3.2% during the third quarter. FMR LLC now owns 3,454,462 shares of the company’s stock valued at $63,838,000 after buying an additional 107,481 shares during the period. Townsquare Capital LLC boosted its holdings in shares of Carnival Co. & by 18.9% during the 3rd quarter. Townsquare Capital LLC now owns 13,329 shares of the company’s stock valued at $246,000 after buying an additional 2,122 shares in the last quarter. Finally, Glenmede Trust Co. NA grew its position in shares of Carnival Co. & by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 40,675 shares of the company’s stock worth $752,000 after buying an additional 1,396 shares during the period. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Trading Down 4.5 %

NYSE:CCL opened at $19.85 on Friday. The company has a 50 day simple moving average of $23.79 and a two-hundred day simple moving average of $23.16. The company has a market cap of $23.15 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. 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. & plc has a 12 month low of $13.78 and a 12 month high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share. Research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CCL. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, March 24th. Morgan Stanley lifted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. StockNews.com raised Carnival Co. & from a “hold” rating to a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group raised their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

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.