Tcfg Wealth Management LLC bought a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,887 shares of the company's stock, valued at approximately $246,000.
A number of other institutional investors have also made changes to their positions in the business. State Street Corp grew its holdings in Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company's stock worth $765,563,000 after acquiring an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company's stock valued at $442,515,000 after purchasing an additional 811,692 shares during the last quarter. Mizuho Securities USA LLC grew its stake in shares of Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company's stock valued at $122,781,000 after purchasing an additional 6,566,120 shares during the last quarter. Goldentree Asset Management LP increased its holdings in shares of Carnival Co. & by 16.1% in the third quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company's stock valued at $95,037,000 after purchasing an additional 712,469 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company's stock worth $75,310,000 after purchasing an additional 39,491 shares during the last quarter. 67.19% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have commented on CCL shares. Bank of America increased their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Wells Fargo & Company raised their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Stifel Nicolaus boosted their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Loop Capital initiated coverage on shares of Carnival Co. & in a research note on Tuesday, February 4th. They issued a "hold" rating and a $25.00 target price on the stock. 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 note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $27.11.
Check Out Our Latest Stock Report on CCL
Carnival Co. & Stock Up 1.3 %
Shares of NYSE:CCL traded up $0.33 during trading on Wednesday, hitting $26.06. 13,301,567 shares of the company's stock traded hands, compared to its average volume of 19,449,430. The company has a 50-day moving average price of $25.74 and a 200-day moving average price of $22.02. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 0.78 and a beta of 2.64.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. The business's revenue was up 10.0% on a year-over-year basis. As a group, research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.
About Carnival Co. &
(
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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