Primecap Management Co. CA reduced its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,004,150 shares of the company's stock after selling 218,528 shares during the quarter. Primecap Management Co. CA owned 0.52% of Carnival Co. & worth $149,623,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after purchasing an additional 1,678 shares during the period. Illinois Municipal Retirement Fund raised its position in Carnival Co. & by 153.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock worth $8,386,000 after purchasing an additional 203,710 shares during the period. Private Advisor Group LLC raised its position in Carnival Co. & by 26.6% in the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock worth $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC raised its position in Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after purchasing an additional 14,165 shares during the period. Finally, Cerity Partners LLC grew its stake in Carnival Co. & by 181.7% in the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company's stock worth $2,288,000 after acquiring an additional 79,857 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Truist Financial upped their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 target price on the stock. Morgan Stanley upped their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their target price on shares of Carnival Co. & from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, March 14th. Finally, Mizuho upped their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.89.
View Our Latest Stock Report on Carnival Co. &
Carnival Co. & Stock Down 0.9 %
CCL traded down $0.19 during trading on Friday, hitting $21.02. The stock had a trading volume of 59,524,448 shares, compared to its average volume of 26,311,462. The company has a market capitalization of $24.47 billion, a PE ratio of 15.12, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. 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 stock has a 50 day simple moving average of $24.19 and a two-hundred day simple moving average of $22.94.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &'s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) earnings per share. On average, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.
Carnival Co. & Profile
(
Free Report)
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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