Bessemer Group Inc. lowered its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 5.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 31,920,007 shares of the company's stock after selling 1,776,055 shares during the period. Carnival Co. & makes up approximately 1.3% of Bessemer Group Inc.'s investment portfolio, making the stock its 11th largest position. Bessemer Group Inc. owned 2.74% of Carnival Co. & worth $795,446,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Carnival Co. & by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock worth $246,681,000 after acquiring an additional 6,444,444 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares during the period. Renaissance Technologies LLC increased its stake in Carnival Co. & by 17.7% during the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock worth $450,977,000 after buying an additional 2,720,096 shares during the period. Norges Bank purchased a new position in Carnival Co. & in the 4th quarter valued at approximately $59,486,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at $53,636,000. Institutional investors and hedge funds own 67.19% of the company's stock.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Truist Financial boosted their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Wells Fargo & Company boosted their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. Tigress Financial reiterated a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Mizuho lifted their price target on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Finally, William Blair restated an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.84.
View Our Latest Report on CCL
Carnival Co. & Stock Up 0.1 %
Shares of NYSE CCL traded up $0.02 on Monday, hitting $17.66. The company had a trading volume of 10,200,435 shares, compared to its average volume of 26,352,099. The firm has a market capitalization of $20.60 billion, a P/E ratio of 12.71, a PEG ratio of 0.73 and a beta of 2.42. The company has a quick ratio of 0.25, a current ratio of 0.29 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. The business has a 50 day moving average of $21.74 and a two-hundred day moving average of $23.16.
Carnival Co. & (NYSE:CCL - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the previous year, the company posted ($0.14) earnings per share. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.
About Carnival Co. &
(
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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