CIBC Asset Management Inc Purchases 10,271 Shares of Carnival Co. & plc (NYSE:CCL)

CIBC Asset Management Inc grew its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,718 shares of the company's stock after purchasing an additional 10,271 shares during the period. CIBC Asset Management Inc's holdings in Carnival Co. & were worth $4,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CCL. Crewe Advisors LLC increased its stake in Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock valued at $30,000 after acquiring an additional 888 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Carnival Co. & during the 3rd quarter worth approximately $25,000. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & during the fourth quarter valued at approximately $34,000. Assetmark Inc. raised its stake in shares of Carnival Co. & by 1,431.5% in the third quarter. Assetmark Inc. now owns 1,654 shares of the company's stock valued at $31,000 after purchasing an additional 1,546 shares in the last quarter. Finally, Crews Bank & Trust bought a new position in Carnival Co. & in the fourth quarter worth $50,000. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Up 1.7 %

NYSE CCL traded up $0.40 during trading on Monday, hitting $23.62. The stock had a trading volume of 21,807,080 shares, compared to its average volume of 20,737,713. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. 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's 50-day moving average price is $25.59 and its two-hundred day moving average price is $22.30. The company has a market capitalization of $27.50 billion, a PE ratio of 17.00, a P/E/G ratio of 0.73 and a beta of 2.64.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm's revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays boosted their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price target on the stock. Morgan Stanley upped their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, January 8th. Mizuho raised their price objective on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Finally, Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Carnival Co. & has an average rating of "Moderate Buy" and a consensus price target of $27.11.

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.