101,220 Shares in Carnival Co. & plc (NYSE:CCL) Purchased by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC bought a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 101,220 shares of the company's stock, valued at approximately $1,977,000.

Other institutional investors have also added to or reduced their stakes in the company. Measured Risk Portfolios Inc. bought a new position in Carnival Co. & during the fourth quarter worth about $29,000. Orion Capital Management LLC bought a new position in Carnival Co. & during the fourth quarter worth about $30,000. Millstone Evans Group LLC bought a new position in Carnival Co. & during the fourth quarter worth about $34,000. 1620 Investment Advisors Inc. bought a new position in Carnival Co. & during the fourth quarter worth about $42,000. Finally, Ossiam bought a new position in Carnival Co. & during the fourth quarter worth about $46,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Performance

CCL stock opened at $24.31 on Monday. The company has a 50 day moving average price of $20.29 and a 200 day moving average price of $22.95. 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. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock has a market capitalization of $28.36 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 0.73 and a beta of 2.58.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, March 21st. The company reported $0.13 EPS 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 firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the previous year, the business earned ($0.14) EPS. The business's quarterly revenue was up 7.5% compared to the same quarter last year. Analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the stock. BNP Paribas assumed coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They set an "outperform" rating and a $26.00 price target for the company. Mizuho lifted their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research note on Monday, March 24th. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their target price for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. HSBC upgraded shares of Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 target price for the company in a research note on Friday, May 16th. Finally, Truist Financial cut their target price on shares of Carnival Co. & from $30.00 to $27.00 and set a "hold" rating for the company in a research note on Monday, May 19th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Carnival Co. & currently has a consensus rating of "Moderate Buy" and an average price target of $26.47.

About Carnival Co. &

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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