Geode Capital Management LLC Acquires 1,201,256 Shares of Carnival Co. & plc (NYSE:CCL)

Geode Capital Management LLC raised its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,228,416 shares of the company's stock after buying an additional 1,201,256 shares during the period. Geode Capital Management LLC owned 2.17% of Carnival Co. & worth $627,053,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCL. Crewe Advisors LLC grew its holdings in shares of Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after acquiring an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC bought a new position in Carnival Co. & in the fourth quarter valued at approximately $34,000. 1620 Investment Advisors Inc. acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $42,000. Finally, Morse Asset Management Inc bought a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $46,000. 67.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CCL shares. William Blair restated an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Barclays boosted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a research note on Monday, December 23rd. Stifel Nicolaus lifted their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Morgan Stanley boosted their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.89.

Carnival Co. & Stock Performance

NYSE:CCL traded up $2.98 during mid-day trading on Wednesday, reaching $19.67. 66,842,512 shares of the company's stock were exchanged, compared to its average volume of 26,417,977. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The firm has a market capitalization of $22.95 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The business's fifty day simple moving average is $22.12 and its two-hundred day simple moving average is $23.14.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced 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 company had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned ($0.14) earnings per share. Analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

About Carnival Co. &

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.