Decker Retirement Planning Inc. Makes New $3.46 Million Investment in Carnival Co. & plc (NYSE:CCL)

Decker Retirement Planning Inc. bought a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 138,787 shares of the company's stock, valued at approximately $3,459,000. Carnival Co. & comprises about 2.0% of Decker Retirement Planning Inc.'s investment portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCL. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Carnival Co. & in the 2nd quarter worth $466,838,000. Marshall Wace LLP grew 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 purchasing an additional 8,638,865 shares during the period. Mizuho Securities USA LLC increased its position in Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company's stock worth $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. International Assets Investment Management LLC raised its stake in Carnival Co. & by 2,400.1% during the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the period. Finally, State Street Corp boosted its holdings in 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 purchasing an additional 2,301,906 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Analyst Ratings Changes

CCL has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a report on Wednesday, January 8th. Truist Financial raised their target price on Carnival Co. & from $20.00 to $29.00 and gave the stock a "hold" rating in a research note on Monday, December 2nd. Mizuho increased their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, December 5th. Citigroup boosted their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Finally, Stifel Nicolaus upped their price target on Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival Co. & has an average rating of "Moderate Buy" and a consensus price target of $27.18.

Insider Buying and Selling at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the firm's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. This trade represents a 21.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.00% of the stock is currently owned by corporate insiders.

Carnival Co. & Price Performance

Shares of CCL traded up $0.84 during mid-day trading on Friday, hitting $25.89. The company's stock had a trading volume of 16,279,841 shares, compared to its average volume of 20,015,674. 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 1-year low of $13.78 and a 1-year high of $27.17. The firm has a market capitalization of $29.88 billion, a P/E ratio of 18.62, a P/E/G ratio of 0.77 and a beta of 2.64. The firm 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 released its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &'s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) earnings per share. Analysts predict that Carnival Co. & plc will post 1.74 EPS for the current fiscal year.

Carnival Co. & Company Profile

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.