Junto Capital Management LP Boosts Position in Carnival Co. & plc (NYSE:CCL)

Junto Capital Management LP boosted its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 49.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,043,983 shares of the company's stock after buying an additional 2,333,027 shares during the period. Carnival Co. & accounts for approximately 3.4% of Junto Capital Management LP's portfolio, making the stock its 3rd biggest holding. Junto Capital Management LP owned about 0.61% of Carnival Co. & worth $175,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in shares of Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock valued at $4,384,000 after buying an additional 1,678 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in Carnival Co. & by 153.4% in the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after acquiring an additional 203,710 shares during the period. Private Advisor Group LLC grew its stake in shares of Carnival Co. & by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock worth $2,164,000 after purchasing an additional 18,269 shares during the period. Convergence Investment Partners LLC lifted its position in shares of Carnival Co. & by 54.4% during the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock valued at $1,002,000 after acquiring an additional 14,165 shares during the period. Finally, Norges Bank purchased a new stake in Carnival Co. & during the fourth quarter worth $59,486,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Up 1.3%

Shares of Carnival Co. & stock traded up $0.29 during trading on Wednesday, reaching $23.03. The company had a trading volume of 6,263,280 shares, compared to its average volume of 24,525,760. 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 firm's fifty day moving average is $19.24 and its 200-day moving average is $23.01. The company has a market cap of $26.86 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS 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 the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.14) earnings per share. On average, analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CCL. BNP Paribas began coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective on the stock. Macquarie dropped their price target on Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Mizuho increased their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. Finally, Truist Financial boosted 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. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Carnival Co. & has a consensus rating of "Moderate Buy" and a consensus price target of $26.53.

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.