Carnival Co. & plc (NYSE:CCL) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 128.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 60,858 shares of the company's stock after purchasing an additional 34,231 shares during the period. Vontobel Holding Ltd.'s holdings in Carnival Co. & were worth $1,517,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after purchasing an additional 1,678 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Carnival Co. & by 72.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company's stock worth $53,052,000 after buying an additional 1,204,500 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Carnival Co. & in the 3rd quarter valued at $1,140,000. Cerity Partners LLC raised its stake in Carnival Co. & by 181.7% in the 3rd quarter. Cerity Partners LLC now owns 123,815 shares of the company's stock worth $2,288,000 after acquiring an additional 79,857 shares during the last quarter. Finally, SYM FINANCIAL Corp purchased a new stake in Carnival Co. & during the 4th quarter valued at about $315,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on CCL shares. Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Truist Financial raised their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, January 24th. The Goldman Sachs Group boosted their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Mizuho increased their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Finally, Barclays boosted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.11.

Carnival Co. & Price Performance

NYSE CCL traded down $1.38 on Friday, hitting $23.19. The company had a trading volume of 31,202,401 shares, compared to its average volume of 20,760,125. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company's fifty day moving average price is $25.64 and its 200-day moving average price is $22.13. The company has a market capitalization of $26.99 billion, a PE ratio of 16.68, a PEG ratio of 0.78 and a beta of 2.64. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analysts' expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) earnings per share. As a group, analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Carnival Co. & 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.