Ameriprise Financial Inc. grew its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,093,705 shares of the company's stock after purchasing an additional 46,129 shares during the quarter. Ameriprise Financial Inc. owned about 0.18% of Carnival Co. & worth $52,175,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Carnival Co. & by 4.0% in 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 in the last quarter. Geode Capital Management LLC grew its position in Carnival Co. & by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after purchasing an additional 1,201,256 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Carnival Co. & by 4.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after purchasing an additional 877,694 shares during the period. Renaissance Technologies LLC grew its position in Carnival Co. & by 17.7% in the 4th 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 during the period. Finally, Northern Trust Corp grew its position in Carnival Co. & by 14.8% in the 4th quarter. Northern Trust Corp now owns 10,638,692 shares of the company's stock valued at $265,116,000 after purchasing an additional 1,374,714 shares during the period. Institutional investors own 67.19% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on CCL. Barclays reduced their price target on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and lowered their target price for the company from $25.00 to $21.00 in a report on Thursday, April 10th. Truist Financial increased their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. Loop Capital lowered their target price on shares of Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a report on Monday, March 24th. Finally, Northcoast Research assumed coverage on shares of Carnival Co. & in a report on Friday, April 25th. They issued a "neutral" rating for the company. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $26.53.
View Our Latest Research Report on Carnival Co. &
Carnival Co. & Stock Performance
Carnival Co. & stock traded up $0.24 during midday trading on Wednesday, reaching $22.98. The stock had a trading volume of 28,245,648 shares, compared to its average volume of 26,251,048. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The firm's 50-day moving average price is $19.24 and its 200 day moving average price is $23.01. The firm has a market capitalization of $26.81 billion, a PE ratio of 16.53, a P/E/G ratio of 0.73 and a beta of 2.50. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion for the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the prior year, the business posted ($0.14) earnings per share. The company's revenue was up 7.5% on a year-over-year basis. As a group, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.
Carnival Co. & Company 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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