Friedenthal Financial Has $811,000 Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Friedenthal Financial raised its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 2,026.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,557 shares of the company's stock after purchasing an additional 31,026 shares during the quarter. Friedenthal Financial's holdings in Carnival Co. & were worth $811,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. State Street Corp raised its position in Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company's stock valued at $765,563,000 after buying an additional 2,301,906 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Carnival Co. & in the second quarter worth approximately $466,838,000. Geode Capital Management LLC boosted its holdings in shares of Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company's stock worth $442,515,000 after purchasing an additional 811,692 shares during the period. Marshall Wace LLP grew its position in Carnival Co. & by 510.5% during 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 in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Carnival Co. & by 43.6% in the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock valued at $179,435,000 after buying an additional 2,911,100 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CCL. Stifel Nicolaus lifted their target price on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Truist Financial lifted their price objective on Carnival Co. & from $20.00 to $29.00 and gave the company a "hold" rating in a research report on Monday, December 2nd. Tigress Financial upped their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. The Goldman Sachs Group lifted their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, Bank of America boosted their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.18.

Carnival Co. & Stock Performance

Shares of NYSE CCL traded down $0.39 during trading hours on Monday, hitting $23.88. 16,132,476 shares of the company's stock were exchanged, compared to its average volume of 20,792,869. The stock has a market capitalization of $27.56 billion, a price-to-earnings ratio of 21.32 and a beta of 2.64. The company's 50-day moving average price is $25.10 and its 200-day moving average price is $20.45. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $27.17.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The company had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.94 billion. During the same period in the prior year, the business earned ($0.07) earnings per share. Carnival Co. &'s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, sell-side analysts expect that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.