USS Investment Management Ltd cut its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 199,381 shares of the company's stock after selling 111,806 shares during the quarter. USS Investment Management Ltd's holdings in Carnival Co. & were worth $4,970,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hartford Investment Management Co. raised its holdings in Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after purchasing an additional 387 shares during the period. Prestige Wealth Management Group LLC raised its holdings in Carnival Co. & by 23.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock worth $54,000 after purchasing an additional 408 shares during the period. Avidian Wealth Enterprises LLC raised its holdings in shares of Carnival Co. & by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock worth $267,000 after acquiring an additional 468 shares during the period. Sound View Wealth Advisors Group LLC raised its holdings in shares of Carnival Co. & by 3.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock worth $372,000 after acquiring an additional 475 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Carnival Co. & by 5.1% during the fourth quarter. UMB Bank n.a. now owns 11,615 shares of the company's stock worth $289,000 after acquiring an additional 561 shares during the period. 67.19% of the stock is owned by institutional investors.
Carnival Co. & Stock Performance
Shares of Carnival Co. & stock traded down $0.52 on Wednesday, hitting $23.09. The stock had a trading volume of 7,481,502 shares, compared to its average volume of 25,812,722. The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The business's 50 day moving average is $19.79 and its two-hundred day moving average is $23.02.
Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) EPS. Analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. BNP Paribas assumed coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 target price for the company. Citigroup decreased their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Morgan Stanley raised shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Barclays decreased 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. Finally, William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $26.53.
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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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