Federated Hermes Inc. Has $669,000 Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Federated Hermes Inc. increased its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 311.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,839 shares of the company's stock after purchasing an additional 20,320 shares during the quarter. Federated Hermes Inc.'s holdings in Carnival Co. & were worth $669,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CCL. Crewe Advisors LLC raised its holdings in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after buying an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in Carnival Co. & in the 4th quarter valued at about $34,000. Millstone Evans Group LLC acquired a new position in shares of Carnival Co. & during the fourth quarter worth approximately $34,000. 1620 Investment Advisors Inc. bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $42,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & in the third quarter valued at approximately $46,000. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Trading Down 0.7 %

NYSE CCL opened at $17.88 on Thursday. The firm has a market capitalization of $20.86 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The business's 50-day moving average price is $21.19 and its two-hundred day moving average price is $23.08. 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 $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) earnings per share. On average, analysts expect that Carnival Co. & plc will post 1.77 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on CCL shares. Loop Capital reduced their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Mizuho raised their price target on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, March 24th. Citigroup dropped their price objective on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company 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 stock an "overweight" rating in a research report on Monday, December 23rd. Finally, Tigress Financial restated a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Carnival Co. & currently has an average rating of "Moderate Buy" and an average price target of $26.84.

Carnival Co. & 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.

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