Thomas J. Herzfeld Advisors Inc. boosted its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 102,657 shares of the company's stock after buying an additional 19,957 shares during the period. Thomas J. Herzfeld Advisors Inc.'s holdings in Carnival Co. & were worth $2,558,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Carnival Co. & by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock worth $627,053,000 after acquiring an additional 1,201,256 shares during the period. Diametric Capital LP boosted its position in Carnival Co. & by 32.3% in the 4th quarter. Diametric Capital LP now owns 19,014 shares of the company's stock worth $474,000 after purchasing an additional 4,643 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Carnival Co. & by 273.2% during the 4th quarter. Franklin Resources Inc. now owns 220,115 shares of the company's stock worth $5,485,000 after purchasing an additional 161,130 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Carnival Co. & by 11.8% during the 4th quarter. Alliancebernstein L.P. now owns 1,293,662 shares of the company's stock valued at $32,238,000 after purchasing an additional 136,528 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in shares of Carnival Co. & by 19.6% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 50,129 shares of the company's stock valued at $1,249,000 after purchasing an additional 8,219 shares during the period. Institutional investors and hedge funds own 67.19% of the company's stock.
Carnival Co. & Price Performance
Shares of CCL stock traded down $0.79 during trading hours on Friday, reaching $16.49. The company had a trading volume of 39,798,792 shares, compared to its average volume of 26,132,040. Carnival Co. & plc has a 12-month low of $13.78 and a 12-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 company has a market capitalization of $19.24 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 0.73 and a beta of 2.42. The stock has a fifty day moving average of $23.09 and a 200-day moving average of $23.20.
Carnival Co. & (NYSE:CCL - Get Free Report) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company earned ($0.14) EPS. On average, equities analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.
Analyst Ratings Changes
Several analysts recently commented on CCL shares. Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, December 16th. StockNews.com upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Thursday, March 27th. Stifel Nicolaus increased their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. The Goldman Sachs Group boosted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley increased their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $26.89.
View Our Latest Analysis on CCL
Carnival Co. & Profile
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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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