Northern Trust Corp Boosts Stake in Carnival Co. & plc (NYSE:CCL)

Northern Trust Corp grew its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,638,692 shares of the company's stock after purchasing an additional 1,374,714 shares during the period. Northern Trust Corp owned approximately 0.91% of Carnival Co. & worth $265,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & in the 3rd quarter worth about $46,000. World Investment Advisors LLC purchased a new stake in shares of Carnival Co. & in the third quarter worth approximately $252,000. Wilmington Savings Fund Society FSB bought a new position in shares of Carnival Co. & in the third quarter valued at approximately $87,000. Tidal Investments LLC lifted its holdings in shares of Carnival Co. & by 2.9% in the third quarter. Tidal Investments LLC now owns 73,147 shares of the company's stock valued at $1,352,000 after purchasing an additional 2,033 shares in the last quarter. Finally, Synovus Financial Corp boosted its position in shares of Carnival Co. & by 5.5% during the third quarter. Synovus Financial Corp now owns 13,456 shares of the company's stock valued at $249,000 after buying an additional 700 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Up 0.0 %

NYSE:CCL traded up $0.01 during trading hours on Monday, reaching $19.58. The company's stock had a trading volume of 13,550,805 shares, compared to its average volume of 26,176,735. The stock has a 50 day moving average price of $19.55 and a two-hundred day moving average price of $23.05. 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 market capitalization of $22.84 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. 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 posted 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. The firm 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 business's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) EPS. Equities analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on CCL shares. Northcoast Research started coverage on shares of Carnival Co. & in a research report on Friday, April 25th. They set a "neutral" rating on the stock. Truist Financial lifted their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. StockNews.com lowered shares of Carnival Co. & from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Finally, Stifel Nicolaus raised their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $26.53.

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.