Carnival Co. & plc (NYSE:CCL) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 98.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 122,677 shares of the company's stock after acquiring an additional 60,995 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Carnival Co. & were worth $3,057,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Encompass Wealth Advisors LLC lifted its position in Carnival Co. & by 2.9% during the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company's stock worth $297,000 after buying an additional 451 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock valued at $1,224,000 after acquiring an additional 521 shares during the last quarter. Graypoint LLC lifted its holdings 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 acquiring an additional 560 shares during the period. UMB Bank n.a. boosted its position in shares of Carnival Co. & by 5.1% in the fourth quarter. UMB Bank n.a. now owns 11,615 shares of the company's stock worth $289,000 after acquiring an additional 561 shares during the last quarter. Finally, RFG Advisory LLC grew its holdings in Carnival Co. & by 5.8% in the fourth quarter. RFG Advisory LLC now owns 10,803 shares of the company's stock valued at $269,000 after purchasing an additional 591 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

Shares of CCL traded up $0.13 during mid-day trading on Wednesday, hitting $27.22. The stock had a trading volume of 13,049,054 shares, compared to its average volume of 21,214,596. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company has a market cap of $31.69 billion, a PE ratio of 19.58, a PEG ratio of 0.86 and a beta of 2.64. The company's fifty day simple moving average is $25.66 and its two-hundred day simple moving average is $21.38.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results 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 net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. The firm's revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, December 23rd. The Goldman Sachs Group upped their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Mizuho lifted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. Morgan Stanley increased their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, January 8th. Finally, Truist Financial lifted their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.11.

Carnival Co. & Company 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.