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Carnival Co. & plc (NYSE:CCL) Shares Acquired by CHURCHILL MANAGEMENT Corp

Carnival Co. & logo with Consumer Discretionary background

CHURCHILL MANAGEMENT Corp increased its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531,119 shares of the company's stock after acquiring an additional 17,047 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in Carnival Co. & were worth $13,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Carnival Co. & in the 2nd quarter valued at about $466,838,000. Marshall Wace LLP boosted its holdings in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock valued at $193,398,000 after acquiring an additional 8,638,865 shares during the period. Mizuho Securities USA LLC boosted its holdings in shares of Carnival Co. & by 8,431.1% in the third 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 period. International Assets Investment Management LLC increased its holdings in shares of Carnival Co. & by 2,400.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock valued at $556,280,000 after acquiring an additional 2,889,785 shares during the period. Finally, State Street Corp increased 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 valued at $765,563,000 after acquiring an additional 2,301,906 shares during the period. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the topic of several research reports. The Goldman Sachs Group raised their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Bank of America raised their price target on Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Macquarie upped their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Morgan Stanley lifted their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research note on Wednesday, January 8th. Finally, Mizuho upped their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $27.18.

Read Our Latest Analysis on Carnival Co. &

Carnival Co. & Price Performance

Shares of CCL stock traded up $0.11 during mid-day trading on Thursday, reaching $25.05. The stock had a trading volume of 14,675,162 shares, compared to its average volume of 20,434,576. The company has a market cap of $28.92 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 0.77 and a beta of 2.64. 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 $27.17. The business has a 50-day simple moving average of $25.16 and a 200 day simple moving average of $20.52.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The firm had revenue of $5.94 billion for the quarter, compared to analysts' expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm's revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) EPS. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.74 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the sale, the director now owns 65,789 shares of the company's stock, valued at $1,428,937.08. This trade represents a 21.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.00% of the stock is currently owned by company insiders.

Carnival Co. & Profile

(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.

See Also

Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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