Mackenzie Financial Corp Has $20.16 Million Position in Carnival Co. & plc (NYSE:CCL)

Mackenzie Financial Corp cut its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 25.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 808,811 shares of the company's stock after selling 271,216 shares during the period. Mackenzie Financial Corp owned 0.07% of Carnival Co. & worth $20,156,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Hartford Investment Management Co. grew its position 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 acquiring an additional 387 shares in the last quarter. Prestige Wealth Management Group LLC lifted its stake in shares of Carnival Co. & by 23.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock valued at $54,000 after purchasing an additional 408 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its stake in shares of Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock valued at $267,000 after purchasing an additional 468 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock worth $372,000 after purchasing an additional 475 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in Carnival Co. & by 12.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 5,306 shares of the company's stock worth $132,000 after buying an additional 588 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of NYSE CCL traded up $0.16 during trading on Thursday, reaching $23.16. The company had a trading volume of 14,918,614 shares, compared to its average volume of 25,804,043. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The business's 50 day moving average price is $19.83 and its 200-day moving average price is $23.02. The stock has a market cap of $27.01 billion, a PE ratio of 16.66, a PEG ratio of 0.73 and a beta of 2.50. 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. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for 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 business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) EPS. Analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CCL. Barclays dropped their price objective on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Morgan Stanley raised 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. Mizuho boosted their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, March 24th. Citigroup decreased their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, Truist Financial lowered their price target on Carnival Co. & from $30.00 to $27.00 and set a "hold" rating on the stock in a research note on Monday, May 19th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.