DAVENPORT & Co LLC Sells 2,850 Shares of Carnival Co. & plc (NYSE:CCL)

Posted by Defense World Staff on Oct 8th, 2023

DAVENPORT & Co LLC lowered its position in shares of Carnival Co. & plc (NYSE:CCL – Free Report) by 13.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,681 shares of the company’s stock after selling 2,850 shares during the period. DAVENPORT & Co LLC’s holdings in Carnival Co. & were worth $352,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Carnival Co. & by 19.5% during the third quarter. Vanguard Group Inc. now owns 109,251,208 shares of the company’s stock valued at $768,036,000 after acquiring an additional 17,815,226 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Carnival Co. & by 2.3% during the first quarter. Geode Capital Management LLC now owns 20,504,071 shares of the company’s stock valued at $207,642,000 after acquiring an additional 469,764 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Carnival Co. & by 27.6% during the first quarter. Two Sigma Advisers LP now owns 11,197,800 shares of the company’s stock valued at $113,658,000 after acquiring an additional 2,423,700 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Carnival Co. & by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,323,752 shares of the company’s stock valued at $94,636,000 after acquiring an additional 43,774 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Carnival Co. & by 213.2% during the fourth quarter. Marshall Wace LLP now owns 7,137,625 shares of the company’s stock valued at $57,529,000 after acquiring an additional 4,858,876 shares in the last quarter. Institutional investors own 55.54% of the company’s stock.

Carnival Co. & Stock Down 0.3 %

CCL opened at $13.26 on Friday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.38 and a current ratio of 0.43. Carnival Co. & plc has a fifty-two week low of $6.11 and a fifty-two week high of $19.55. The firm’s fifty day moving average is $15.58 and its 200 day moving average is $13.87. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of -9.82 and a beta of 2.40.

Carnival Co. & (NYSE:CCL – Get Free Report) last released its earnings results on Friday, September 29th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. Carnival Co. & had a negative net margin of 8.11% and a negative return on equity of 15.00%. The company had revenue of $6.85 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the company earned ($0.58) EPS. Carnival Co. &’s revenue for the quarter was up 59.2% on a year-over-year basis. On average, sell-side analysts forecast that Carnival Co. & plc will post -0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCL. Barclays dropped their target price on shares of Carnival Co. & from $22.00 to $21.00 and set an “overweight” rating on the stock in a report on Thursday, September 21st. Morgan Stanley dropped their target price on shares of Carnival Co. & from $11.50 to $11.00 and set an “underweight” rating on the stock in a report on Tuesday, October 3rd. 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 report on Tuesday, July 18th. Susquehanna dropped their target price on shares of Carnival Co. & from $17.00 to $16.00 and set a “positive” rating on the stock in a report on Monday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Carnival Co. & from $10.00 to $15.00 in a report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.67.

Get Our Latest Analysis on CCL

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.

DAVENPORT & Co LLC Sells 2,850 Shares of Carnival Co. & plc (NYSE:CCL)

Carnival Co. & Stock Down 0.3 %

Wall Street Analyst Weigh In

Carnival Co. & Company Profile

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