Baird Financial Group Inc. Acquires 20,620 Shares of Carnival Co. & plc (NYSE:CCL)

Baird Financial Group Inc. raised its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 70.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,821 shares of the company's stock after purchasing an additional 20,620 shares during the quarter. Baird Financial Group Inc.'s holdings in Carnival Co. & were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of CCL. FMR LLC lifted its position in shares of Carnival Co. & by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after buying an additional 6,444,444 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of 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 buying an additional 4,458,329 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Carnival Co. & by 228.8% during the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock valued at $116,857,000 after buying an additional 3,263,204 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Carnival Co. & by 17.7% during the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after buying an additional 2,720,096 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Carnival Co. & during the 4th quarter valued at $59,486,000. Institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CCL shares. Barclays dropped their price objective on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Loop Capital dropped their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Citigroup dropped their price objective on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Macquarie dropped their price objective on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Truist Financial raised their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. Eight investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Carnival Co. & presently has a consensus rating of "Moderate Buy" and an average price target of $26.68.

Carnival Co. & Stock Up 1.8%

Shares of CCL traded up $0.42 on Friday, reaching $23.42. The stock had a trading volume of 18,633,256 shares, compared to its average volume of 26,171,364. The firm has a market capitalization of $27.32 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. 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 50-day simple moving average of $19.45 and a 200-day simple moving average of $23.02. 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, March 21st. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) EPS. Sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS 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.