Charles Schwab Investment Management Inc. Purchases 223,195 Shares of Carnival Co. & plc (NYSE:CCL)

Charles Schwab Investment Management Inc. lifted its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,249,810 shares of the company's stock after acquiring an additional 223,195 shares during the period. Charles Schwab Investment Management Inc. owned 0.54% of Carnival Co. & worth $155,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CCL. State Street Corp raised its holdings 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 purchasing an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $442,515,000 after buying an additional 811,692 shares in the last quarter. Mizuho Securities USA LLC lifted its position 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 acquiring an additional 6,566,120 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Carnival Co. & by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company's stock valued at $145,571,000 after acquiring an additional 19,768 shares during the last quarter. Finally, Goldentree Asset Management LP boosted its stake in shares of Carnival Co. & by 16.1% during 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 in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

CCL stock traded up $0.01 during midday trading on Tuesday, hitting $19.09. 42,620,832 shares of the company traded hands, compared to its average volume of 26,175,108. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The stock has a market capitalization of $22.22 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The business has a 50 day simple moving average of $24.95 and a 200-day simple moving average of $22.80.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its 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 the consensus estimate of $5.94 billion. During the same quarter last year, the firm posted ($0.07) EPS. The business's quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CCL shares. The Goldman Sachs Group upped their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Loop Capital initiated coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They issued a "hold" rating and a $25.00 target price for the company. Bank of America boosted their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a research note on Monday. Finally, 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 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $27.11.

About Carnival Co. &

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.