Barrow Hanley Mewhinney & Strauss LLC cut its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,098,898 shares of the company's stock after selling 270,374 shares during the quarter. Carnival Co. & makes up approximately 3.1% of Barrow Hanley Mewhinney & Strauss LLC's holdings, making the stock its largest holding. Barrow Hanley Mewhinney & Strauss LLC owned about 3.10% of Carnival Co. & worth $899,585,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of CCL. Vanguard Group Inc. increased its holdings in shares of Carnival Co. & by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Carnival Co. & by 4.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after acquiring an additional 877,694 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Carnival Co. & by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company's stock valued at $155,745,000 after acquiring an additional 223,195 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Carnival Co. & by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company's stock valued at $145,571,000 after acquiring an additional 19,768 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Carnival Co. & by 18.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,843,569 shares of the company's stock valued at $120,702,000 after acquiring an additional 768,368 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.
Carnival Co. & Price Performance
Shares of Carnival Co. & stock traded up $1.41 during trading on Tuesday, hitting $23.66. The stock had a trading volume of 17,262,374 shares, compared to its average volume of 25,846,991. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a market cap of $27.60 billion, a P/E ratio of 17.00, a PEG ratio of 0.73 and a beta of 2.50. The business has a fifty day moving average of $19.74 and a two-hundred day moving average of $23.02. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share 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 analyst estimates of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company's revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. On average, sell-side analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.
Analyst Ratings Changes
CCL has been the subject of a number of analyst reports. Loop Capital reduced their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Monday, March 24th. Wall Street Zen upgraded Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Truist Financial reduced their price objective on Carnival Co. & from $30.00 to $27.00 and set a "hold" rating for the company in a research report on Monday, May 19th. Northcoast Research initiated coverage on Carnival Co. & in a research report on Friday, April 25th. They set a "neutral" rating for the company. Finally, Morgan Stanley upgraded Carnival Co. & from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.53.
Read Our Latest Stock Report on CCL
Carnival Co. & Company Profile
(
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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