Russell Investments Group Ltd. grew its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,926,414 shares of the company's stock after acquiring an additional 315,115 shares during the period. Russell Investments Group Ltd. owned about 0.17% of Carnival Co. & worth $48,173,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after buying an additional 4,458,329 shares during the period. State Street Corp grew its stake in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company's stock worth $765,563,000 after buying an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC increased its position in Carnival Co. & by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after buying an additional 1,201,256 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Carnival Co. & by 4.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after buying an additional 877,694 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Carnival Co. & by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company's stock worth $155,745,000 after acquiring an additional 223,195 shares in the last quarter. Institutional investors own 67.19% of the company's stock.
Carnival Co. & Price Performance
CCL traded up $0.10 during trading hours on Friday, hitting $17.70. The company's stock had a trading volume of 18,733,314 shares, compared to its average volume of 26,444,257. The stock has a market cap of $20.64 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.73 and a beta of 2.42. The business's 50-day moving average price is $21.74 and its 200-day moving average price is $23.13. 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. & plc has a 12 month low of $13.78 and a 12 month high of $28.72.
Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the prior year, the firm posted ($0.14) EPS. Carnival Co. &'s quarterly revenue was up 7.5% compared to the same quarter last year. Sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have weighed in on CCL shares. Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Barclays increased their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a research report on Monday, December 23rd. Mizuho lifted their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Finally, Wells Fargo & Company raised their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Six equities 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $26.84.
View Our Latest Analysis on Carnival Co. &
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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