CANADA LIFE ASSURANCE Co increased its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 50.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 744,257 shares of the company's stock after purchasing an additional 250,829 shares during the period. CANADA LIFE ASSURANCE Co owned 0.06% of Carnival Co. & worth $18,538,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Carnival Co. & by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after purchasing an additional 4,458,329 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Carnival Co. & by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after purchasing an additional 1,201,256 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Carnival Co. & by 4.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock worth $464,747,000 after buying an additional 877,694 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Carnival Co. & by 17.7% in the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after purchasing an additional 2,720,096 shares during the last quarter. Finally, FMR LLC increased its position in Carnival Co. & by 186.6% in the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock worth $246,681,000 after buying an additional 6,444,444 shares during the period. Institutional investors and hedge funds own 67.19% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on CCL. StockNews.com raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Friday, April 18th. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. Truist Financial boosted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Loop Capital reduced their target price on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Finally, BNP Paribas began coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target for the company. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.53.
Get Our Latest Analysis on Carnival Co. &
Carnival Co. & Stock Up 2.8 %
Carnival Co. & stock traded up $0.50 during trading hours on Wednesday, hitting $18.48. The stock had a trading volume of 21,568,576 shares, compared to its average volume of 26,251,070. The stock's 50-day moving average price is $20.38 and its 200-day moving average price is $23.08. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $21.56 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.
Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) EPS. Equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS 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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