Captrust Financial Advisors grew its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 53.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,032 shares of the company's stock after buying an additional 22,774 shares during the period. Captrust Financial Advisors' holdings in Carnival Co. & were worth $1,621,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Franklin Resources Inc. raised its holdings in shares of Carnival Co. & by 8.5% in the 3rd quarter. Franklin Resources Inc. now owns 58,985 shares of the company's stock valued at $1,192,000 after purchasing an additional 4,601 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Carnival Co. & by 3.2% in the third quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company's stock valued at $21,463,000 after acquiring an additional 35,745 shares in the last quarter. Czech National Bank boosted its holdings in Carnival Co. & by 9.5% during the fourth quarter. Czech National Bank now owns 225,262 shares of the company's stock worth $5,614,000 after buying an additional 19,472 shares in the last quarter. Wedmont Private Capital boosted its holdings in Carnival Co. & by 24.5% during the fourth quarter. Wedmont Private Capital now owns 14,731 shares of the company's stock worth $358,000 after buying an additional 2,899 shares in the last quarter. Finally, Pallas Capital Advisors LLC lifted its holdings in shares of Carnival Co. & by 2.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 36,306 shares of the company's stock valued at $905,000 after purchasing an additional 963 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on CCL shares. Citigroup dropped their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Truist Financial raised their price target 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. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. StockNews.com raised shares of Carnival Co. & from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, Hsbc Global Res raised shares of Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research note on Friday. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.68.
Read Our Latest Report on CCL
Carnival Co. & Stock Performance
Shares of Carnival Co. & stock 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 business's 50-day moving average price is $19.45 and its two-hundred day moving average price is $23.02. 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. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock has a market cap of $27.32 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50.
Carnival Co. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the previous year, the company earned ($0.14) earnings per share. Carnival Co. &'s revenue for the quarter was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current 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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