Vinva Investment Management Ltd Has $21.75 Million Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Vinva Investment Management Ltd trimmed its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 862,947 shares of the company's stock after selling 18,975 shares during the period. Carnival Co. & accounts for approximately 0.8% of Vinva Investment Management Ltd's holdings, making the stock its 16th biggest position. Vinva Investment Management Ltd owned approximately 0.07% of Carnival Co. & worth $21,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hartford Investment Management Co. boosted its stake in Carnival Co. & by 0.6% during the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock valued at $1,601,000 after purchasing an additional 387 shares during the period. Avidian Wealth Enterprises LLC boosted its stake in Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock valued at $267,000 after purchasing an additional 468 shares during the period. Sound View Wealth Advisors Group LLC boosted its stake in Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after purchasing an additional 475 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in 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 purchasing an additional 521 shares during the period. Finally, Graypoint LLC lifted its stake in shares of Carnival Co. & by 5.3% in 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. 67.19% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on CCL shares. Barclays upped 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. Wells Fargo & Company upped their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, December 16th. Citigroup upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Morgan Stanley upped their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, Carnival Co. & currently has an average rating of "Moderate Buy" and a consensus target price of $26.89.

Carnival Co. & Trading Down 0.9 %

Shares of CCL stock traded down $0.19 during trading hours on Friday, reaching $21.02. 59,524,448 shares of the stock traded hands, compared to its average volume of 26,342,426. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The business has a fifty day moving average price of $24.19 and a 200 day moving average price of $22.99. 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 firm has a market capitalization of $24.47 billion, a PE ratio of 15.12, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The firm's revenue 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 EPS for the current year.

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.