Arizona State Retirement System lifted its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 301,707 shares of the company's stock after purchasing an additional 12,319 shares during the period. Arizona State Retirement System's holdings in Carnival Co. & were worth $7,519,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in CCL. Ashton Thomas Securities LLC acquired a new position in Carnival Co. & in the third quarter valued at approximately $25,000. Crewe Advisors LLC lifted its holdings in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after acquiring an additional 888 shares during the last quarter. Assetmark Inc. lifted its holdings in Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after acquiring an additional 1,546 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $34,000. Finally, Morse Asset Management Inc acquired a new position in Carnival Co. & in the third quarter valued at approximately $46,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CCL has been the topic of a number of recent analyst reports. Mizuho upped their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Truist Financial upped their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Stifel Nicolaus upped their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Wells Fargo & Company upped their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Finally, Loop Capital started coverage on Carnival Co. & in a research report on Tuesday, February 4th. They set a "hold" rating and a $25.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.11.
View Our Latest Report on Carnival Co. &
Carnival Co. & Stock Performance
CCL traded down $0.26 on Friday, hitting $20.62. 34,589,593 shares of the company's stock were exchanged, compared to its average volume of 26,061,008. The firm has a market cap of $24.00 billion, a PE ratio of 14.83, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The stock has a fifty day moving average of $25.07 and a two-hundred day moving average of $22.73. 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. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the business earned ($0.07) earnings per share. Carnival Co. &'s revenue was up 10.0% compared to the same quarter last year. On average, research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.
Carnival Co. & Company Profile
(
Free Report)
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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