Carnival Co. & plc (NYSE:CCL) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 14.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 509,335 shares of the company's stock after purchasing an additional 65,640 shares during the period. Treasurer of the State of North Carolina's holdings in Carnival Co. & were worth $12,693,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Carnival Co. & by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock worth $246,681,000 after buying an additional 6,444,444 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Carnival Co. & by 17.7% in the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after purchasing an additional 2,720,096 shares in the last quarter. Norges Bank purchased a new stake in shares of Carnival Co. & during the fourth quarter worth $59,486,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Carnival Co. & during the 4th quarter worth about $53,636,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCL. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $25.00 to $21.00 in a report on Thursday, April 10th. StockNews.com cut Carnival Co. & from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Stifel Nicolaus raised their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, March 24th. Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. Finally, Truist Financial boosted their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.84.

Carnival Co. & Price Performance

Carnival Co. & stock traded up $0.07 during midday trading on Friday, reaching $17.94. The company's stock had a trading volume of 17,695,651 shares, compared to its average volume of 26,319,856. The firm has a market capitalization of $20.93 billion, a PE ratio of 12.91, a P/E/G ratio of 0.73 and a beta of 2.42. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock's 50 day simple moving average is $21.02 and its 200 day simple moving average is $23.08. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same quarter last year, the business earned ($0.14) earnings per share. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

About Carnival Co. &

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.