Principal Financial Group Inc. Increases Holdings in Carnival Co. & plc (NYSE:CCL)

Principal Financial Group Inc. lifted its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,161,417 shares of the company's stock after purchasing an additional 35,745 shares during the period. Principal Financial Group Inc. owned 0.10% of Carnival Co. & worth $21,463,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CCL. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Carnival Co. & during the 2nd quarter worth about $466,838,000. Marshall Wace LLP boosted 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 worth $193,398,000 after purchasing an additional 8,638,865 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock worth $179,435,000 after buying an additional 2,911,100 shares during the period. International Assets Investment Management LLC lifted its holdings in Carnival Co. & by 2,400.1% during the 3rd quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. Finally, Goldentree Asset Management LP acquired a new position in Carnival Co. & in the 1st quarter valued at $31,917,000. Institutional investors own 67.19% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CCL. Mizuho raised their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the stock an "outperform" rating in a report on Tuesday, October 1st. Morgan Stanley upped their target price on Carnival Co. & from $15.00 to $16.50 and gave the stock an "underweight" rating in a research report on Tuesday, October 1st. Bank of America boosted their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday. Truist Financial lifted their target price on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a "hold" rating in a research report on Tuesday, July 23rd. Finally, Citigroup upped their target price on Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.78.

Carnival Co. & Stock Down 0.2 %

NYSE CCL traded down $0.06 during trading on Thursday, reaching $24.49. 15,226,634 shares of the company's stock were exchanged, compared to its average volume of 29,594,270. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $24.99. The stock has a market cap of $28.27 billion, a P/E ratio of 21.92 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.26 and a current ratio of 0.30. The company has a 50 day moving average price of $19.97 and a two-hundred day moving average price of $17.52.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $7.90 billion during the quarter, compared to analysts' expectations of $7.82 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of Carnival Co. & stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $21.72, for a total value of $380,100.00. Following the transaction, the director now directly owns 65,789 shares in the company, valued at approximately $1,428,937.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is currently owned by company insiders.

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.