Toronto Dominion Bank Cuts Holdings in Carnival Co. & plc (NYSE:CCL)

Posted by Defense World Staff on Sep 3rd, 2023

Toronto Dominion Bank cut its position in shares of Carnival Co. & plc (NYSE:CCL – Free Report) by 63.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 529,718 shares of the company’s stock after selling 900,260 shares during the quarter. Toronto Dominion Bank’s holdings in Carnival Co. & were worth $5,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC boosted its stake in Carnival Co. & by 14.1% in the first quarter. Integrated Wealth Concepts LLC now owns 55,546 shares of the company’s stock valued at $564,000 after acquiring an additional 6,870 shares during the last quarter. Arizona State Retirement System boosted its stake in Carnival Co. & by 3.6% in the fourth quarter. Arizona State Retirement System now owns 279,401 shares of the company’s stock valued at $2,252,000 after acquiring an additional 9,595 shares during the last quarter. Capital Square LLC purchased a new position in Carnival Co. & in the fourth quarter valued at about $625,000. Moors & Cabot Inc. boosted its stake in Carnival Co. & by 40.9% in the first quarter. Moors & Cabot Inc. now owns 15,160 shares of the company’s stock valued at $154,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its stake in Carnival Co. & by 19.1% in the first quarter. Guggenheim Capital LLC now owns 109,614 shares of the company’s stock valued at $1,113,000 after acquiring an additional 17,557 shares during the last quarter. 55.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America upgraded shares of Carnival Co. & from a “neutral” rating to a “buy” rating and boosted their target price for the company from $11.00 to $20.00 in a research note on Monday, June 12th. Susquehanna boosted their target price on shares of Carnival Co. & from $11.00 to $17.00 in a research note on Tuesday, June 27th. Argus upgraded shares of Carnival Co. & from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, July 18th. JPMorgan Chase & Co. upped their price target on shares of Carnival Co. & from $16.00 to $18.00 in a research note on Monday, July 3rd. Finally, Tigress Financial upped their price target on shares of Carnival Co. & from $13.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.97.

Read Our Latest Research Report on Carnival Co. &

Carnival Co. & Stock Performance

Carnival Co. & stock opened at $15.73 on Friday. The firm’s 50 day simple moving average is $17.31 and its 200 day simple moving average is $13.13. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 5.44. The firm has a market capitalization of $17.61 billion, a PE ratio of -5.64 and a beta of 2.39. Carnival Co. & plc has a 1-year low of $6.11 and a 1-year high of $19.55.

Carnival Co. & (NYSE:CCL – Get Free Report) last issued its quarterly earnings results on Monday, June 26th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.03. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.79 billion. Carnival Co. & had a negative net margin of 19.83% and a negative return on equity of 41.35%. The business’s revenue for the quarter was up 104.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.64) EPS. As a group, analysts expect that Carnival Co. & plc will post -0.14 earnings per share for the current fiscal year.

Carnival Co. & Company Profile

(Free Report)

Carnival Corporation & plc engages in the provision of leisure travel services. The company operates a fleet of more than 90 ships visit approximately 700 ports under AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, P&O Cruises (Australia), P&O Cruises (UK), and Seabourn brand names.