Legal & General Group Plc cut its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 22.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,336,901 shares of the company's stock after selling 1,264,634 shares during the quarter. Legal & General Group Plc owned approximately 0.37% of Carnival Co. & worth $108,076,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Crewe Advisors LLC increased its holdings in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares during the period. New Wave Wealth Advisors LLC bought a new position in Carnival Co. & during the 4th quarter worth $34,000. Millstone Evans Group LLC acquired a new position in Carnival Co. & in the 4th quarter valued at $34,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Carnival Co. & during the 4th quarter worth $42,000. Finally, Mizuho Bank Ltd. bought a new position in shares of Carnival Co. & in the fourth quarter worth $46,000. Institutional investors and hedge funds own 67.19% of the company's stock.
Carnival Co. & Trading Up 0.7 %
Shares of Carnival Co. & stock traded up $0.13 on Tuesday, reaching $17.95. 10,189,610 shares of the company's stock were exchanged, compared to its average volume of 26,333,187. The firm's 50-day moving average is $21.55 and its two-hundred day moving average is $23.15. The company has a market capitalization of $20.94 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72.
Carnival Co. & (NYSE:CCL - Get Free Report) last posted 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. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business's revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) earnings per share. Sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have commented on CCL. Mizuho raised their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, March 24th. Barclays lifted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Loop Capital cut their target price 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, March 24th. Stifel Nicolaus increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Monday, March 24th. Finally, Morgan Stanley raised Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $25.00 to $21.00 in a report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.84.
Check Out Our Latest Report on CCL
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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