Mizuho Securities USA LLC Acquires 32,943 Shares of Carnival Co. & plc (NYSE:CCL)

Mizuho Securities USA LLC increased its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 50.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,450 shares of the company's stock after acquiring an additional 32,943 shares during the quarter. Mizuho Securities USA LLC's holdings in Carnival Co. & were worth $2,453,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hartford Investment Management Co. grew its holdings in shares of Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after buying an additional 387 shares during the last quarter. Avidian Wealth Enterprises LLC grew its position in Carnival Co. & by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock worth $267,000 after buying an additional 468 shares during the period. Sound View Wealth Advisors Group LLC raised its holdings in Carnival Co. & by 3.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock worth $372,000 after purchasing an additional 475 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Carnival Co. & by 1.1% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock worth $1,224,000 after buying an additional 521 shares in the last quarter. Finally, Graypoint LLC increased its stake in shares of Carnival Co. & by 5.3% during the 4th quarter. Graypoint LLC now owns 11,074 shares of the company's stock worth $276,000 after purchasing an additional 560 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

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Carnival Co. & Trading Down 4.5 %

Shares of Carnival Co. & stock traded down $0.94 on Friday, hitting $19.85. 18,849,926 shares of the company's stock traded hands, compared to its average volume of 26,164,145. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The firm's 50-day moving average price is $23.91 and its two-hundred day moving average price is $23.08. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a market capitalization of $23.10 billion, a PE ratio of 14.28, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CCL shares. Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a research note on Wednesday. Loop Capital decreased their target price on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Monday. The Goldman Sachs Group upped their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Truist Financial lifted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Finally, Barclays boosted 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. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Carnival Co. & presently has an average rating of "Moderate Buy" and a consensus price target of $26.89.

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.