Waverly Advisors LLC Purchases New Position in Carnival Co. & plc (NYSE:CCL)

Waverly Advisors LLC purchased a new position in Carnival Co. & plc (NYSE:CCL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,721 shares of the company's stock, valued at approximately $616,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. Geode Capital Management LLC boosted its stake in Carnival Co. & by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after buying an additional 1,201,256 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Carnival Co. & by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock valued at $569,423,000 after buying an additional 5,761,489 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Carnival Co. & by 4.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after buying an additional 877,694 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Carnival Co. & by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after buying an additional 2,720,096 shares in the last quarter. Institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CCL shares. Morgan Stanley upgraded Carnival Co. & from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. BNP Paribas started coverage on Carnival Co. & in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target for the company. Truist Financial decreased their price target 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. Mizuho increased their price target on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, March 24th. Finally, Northcoast Research began coverage on Carnival Co. & in a research report on Friday, April 25th. They issued a "neutral" rating for the company. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.53.

Carnival Co. & Stock Down 0.3%

CCL stock traded down $0.07 during trading on Friday, reaching $23.10. 5,753,643 shares of the stock were exchanged, compared to its average volume of 25,680,065. The firm's 50 day moving average is $19.86 and its 200 day moving average is $23.01. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm has a market cap of $26.94 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL - Get Free Report) last issued 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 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 for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.14) EPS. As a group, research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

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.