Fmr LLC Buys 6,444,444 Shares of Carnival Co. & plc (NYSE:CCL)

FMR LLC grew its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 186.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,898,906 shares of the company's stock after purchasing an additional 6,444,444 shares during the quarter. FMR LLC owned about 0.85% of Carnival Co. & worth $246,681,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its stake in shares of Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock valued at $4,384,000 after buying an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after purchasing an additional 203,710 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Carnival Co. & by 26.6% in the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock valued at $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC lifted its position in shares of Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after buying an additional 14,165 shares during the period. Finally, Norges Bank acquired a new position in Carnival Co. & during the fourth quarter worth $59,486,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Trading Up 0.6 %

Shares of NYSE:CCL traded up $0.11 on Wednesday, hitting $18.11. The company had a trading volume of 5,691,202 shares, compared to its average volume of 26,283,718. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. 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 firm's 50-day simple moving average is $21.36 and its two-hundred day simple moving average is $23.12. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 0.73 and a beta of 2.42.

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

Analysts Set New Price Targets

A number of research firms have commented on CCL. StockNews.com lowered shares of Carnival Co. & from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Barclays lifted their price target on Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Mizuho increased their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Finally, Morgan Stanley raised shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $25.00 to $21.00 in a research note on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & currently has an average rating of "Moderate Buy" and a consensus target price of $26.84.

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.