Royal London Asset Management Ltd. Acquires 28,527 Shares of Carnival Co. & plc (NYSE:CCL)

Royal London Asset Management Ltd. grew its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 793,105 shares of the company's stock after purchasing an additional 28,527 shares during the period. Royal London Asset Management Ltd. owned approximately 0.07% of Carnival Co. & worth $19,764,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Crewe Advisors LLC raised its position in Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after acquiring an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at $34,000. Morse Asset Management Inc purchased a new stake in Carnival Co. & in the 3rd quarter worth approximately $46,000. Crews Bank & Trust purchased a new stake in Carnival Co. & in the fourth quarter valued at approximately $50,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Carnival Co. & by 50.7% in the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company's stock worth $51,000 after purchasing an additional 924 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Down 1.6 %

Shares of NYSE CCL traded down $0.34 during mid-day trading on Wednesday, reaching $20.92. The company had a trading volume of 15,988,760 shares, compared to its average volume of 26,181,764. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 0.73 and a beta of 2.66. The stock has a fifty day moving average of $24.07 and a two-hundred day moving average of $23.11. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72.

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Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (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 company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the firm earned ($0.14) EPS. The company's revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, January 8th. Mizuho increased their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Loop Capital dropped their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research report on Monday. Finally, Truist Financial increased their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.94.

Carnival Co. & Company 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.