Synovus Financial Corp Sells 102,144 Shares of Carnival Co. & plc (NYSE:CCL)

Posted by on May 3rd, 2023

Synovus Financial Corp reduced its position in Carnival Co. & plc (NYSE:CCL – Get Rating) by 90.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,315 shares of the company’s stock after selling 102,144 shares during the period. Synovus Financial Corp’s holdings in Carnival Co. & were worth $91,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Carnival Co. & by 19.5% in the 3rd quarter. Vanguard Group Inc. now owns 109,251,208 shares of the company’s stock valued at $768,036,000 after buying an additional 17,815,226 shares in the last quarter. Legal & General Group Plc raised its position in Carnival Co. & by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 5,011,927 shares of the company’s stock worth $43,354,000 after buying an additional 43,372 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Carnival Co. & by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,734,230 shares of the company’s stock worth $95,697,000 after buying an additional 93,169 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Carnival Co. & by 6.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,550,068 shares of the company’s stock valued at $92,003,000 after purchasing an additional 262,027 shares in the last quarter. Finally, Credit Suisse AG lifted its stake in shares of Carnival Co. & by 175.2% in the 3rd quarter. Credit Suisse AG now owns 4,491,384 shares of the company’s stock valued at $31,574,000 after purchasing an additional 2,859,415 shares during the period. 49.87% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Down 0.4 %

Shares of CCL opened at $9.45 on Wednesday. The stock has a market capitalization of $10.55 billion, a PE ratio of -2.32 and a beta of 2.22. Carnival Co. & plc has a 1 year low of $6.11 and a 1 year high of $17.83. The company has a debt-to-equity ratio of 5.30, a quick ratio of 0.60 and a current ratio of 0.64. The company’s 50-day simple moving average is $9.73 and its 200-day simple moving average is $9.66.

Carnival Co. & (NYSE:CCL – Get Rating) last issued its quarterly earnings results on Monday, March 27th. The company reported ($0.55) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.05. The business had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Carnival Co. & had a negative net margin of 32.68% and a negative return on equity of 57.75%. The business’s quarterly revenue was up 173.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.65) earnings per share. Analysts forecast that Carnival Co. & plc will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCL. StockNews.com began coverage on shares of Carnival Co. & in a research note on Thursday, March 16th. They issued a “sell” rating for the company. JPMorgan Chase & Co. began coverage on shares of Carnival Co. & in a research note on Friday, April 28th. They issued a “neutral” rating and a $11.00 target price for the company. Barclays boosted their target price on shares of Carnival Co. & from $12.00 to $13.00 and gave the company an “overweight” rating in a research note on Tuesday, March 28th. Susquehanna upgraded shares of Carnival Co. & from a “neutral” rating to a “positive” rating and set a $11.00 price objective for the company in a research report on Wednesday, March 29th. Finally, Credit Suisse Group upped their price objective on shares of Carnival Co. & from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Monday, March 27th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.45.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, CFO David Bernstein sold 107,119 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $11.08, for a total value of $1,186,878.52. Following the transaction, the chief financial officer now directly owns 286,041 shares in the company, valued at $3,169,334.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.10% of the stock is currently owned by insiders.

About Carnival Co. &

(Get Rating)

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.

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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