MML Investors Services LLC lifted its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 139.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,679 shares of the company's stock after purchasing an additional 121,045 shares during the period. MML Investors Services LLC's holdings in Carnival Co. & were worth $5,175,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in CCL. Nisa Investment Advisors LLC grew its stake 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 valued at $4,384,000 after acquiring an additional 1,678 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after purchasing an additional 203,710 shares in the last quarter. Private Advisor Group LLC grew its stake in Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock valued at $2,164,000 after purchasing an additional 18,269 shares in the last quarter. Convergence Investment Partners LLC increased its holdings in Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after purchasing an additional 14,165 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Carnival Co. & in the 4th quarter valued at approximately $59,486,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently issued reports on CCL. BNP Paribas assumed coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target for the company. Barclays dropped their target price 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. Truist Financial upped their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Friday, January 24th. StockNews.com downgraded Carnival Co. & from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Morgan Stanley upgraded 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 note on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $26.53.
Read Our Latest Analysis on CCL
Carnival Co. & Stock Performance
Shares of CCL stock traded up $0.34 during trading hours on Thursday, reaching $18.68. The stock had a trading volume of 7,509,734 shares, compared to its average volume of 26,160,617. The firm has a market capitalization of $21.80 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42. The firm has a 50-day simple moving average of $19.74 and a 200-day simple moving average of $23.05. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the business earned ($0.14) earnings per share. Carnival Co. &'s revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.
About Carnival Co. &
(
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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