CIBC Asset Management Inc Raises Position in Carnival Co. & plc (NYSE:CCL)

CIBC Asset Management Inc boosted its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,718 shares of the company's stock after acquiring an additional 10,271 shares during the period. CIBC Asset Management Inc's holdings in Carnival Co. & were worth $4,005,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Crewe Advisors LLC grew its stake in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after buying an additional 888 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & in the 3rd quarter valued at approximately $25,000. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $34,000. Assetmark Inc. grew its stake in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after buying an additional 1,546 shares during the period. Finally, Crews Bank & Trust purchased a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $50,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Down 5.6 %

NYSE:CCL traded down $1.38 during midday trading on Friday, hitting $23.19. 31,202,401 shares of the company were exchanged, compared to its average volume of 20,760,125. The company has a fifty day simple moving average of $25.69 and a 200 day simple moving average of $22.07. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $26.99 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.78 and a beta of 2.64.

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, topping 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 firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period last year, the business earned ($0.07) EPS. Carnival Co. &'s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CCL has been the topic of several recent analyst reports. Truist Financial upped their price objective 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. Barclays upped their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. Morgan Stanley increased their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, January 8th. The Goldman Sachs Group increased their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company increased their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $27.11.

Carnival Co. & Profile

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.