J.W. Cole Advisors Inc. grew its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 111.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,905 shares of the company's stock after acquiring an additional 18,892 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in Carnival Co. & were worth $895,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of CCL. State Street Corp grew its stake in Carnival Co. & by 5.9% during the third 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 period. Geode Capital Management LLC boosted its position in shares of Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company's stock worth $442,515,000 after buying an additional 811,692 shares during the period. Mizuho Securities USA LLC raised its holdings in shares of Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company's stock valued at $122,781,000 after buying an additional 6,566,120 shares during the period. Goldentree Asset Management LP boosted its holdings in Carnival Co. & by 16.1% in the 3rd quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company's stock worth $95,037,000 after acquiring an additional 712,469 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Carnival Co. & by 3.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,924,882 shares of the company's stock valued at $72,532,000 after acquiring an additional 139,761 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They set a "market perform" rating and a $26.00 price target on the stock. Bank of America upped their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Truist Financial increased their price objective 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. Citigroup boosted their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Finally, Stifel Nicolaus increased their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of "Moderate Buy" and an average price target of $27.11.
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Carnival Co. & Stock Performance
NYSE:CCL traded down $1.38 during midday trading on Friday, reaching $23.19. 31,202,401 shares of the company traded hands, compared to its average volume of 20,760,125. The firm has a market capitalization of $26.99 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.78 and a beta of 2.64. The company has a fifty day moving average price of $25.69 and a 200 day moving average price of $22.07. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts expect 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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