Itau Unibanco Holding S.A. Takes $5.11 Million Position in Carnival Co. & plc (NYSE:CCL)

Itau Unibanco Holding S.A. acquired a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 205,170 shares of the company's stock, valued at approximately $5,113,000.

Several other hedge funds have also bought and sold shares of CCL. FMR LLC lifted its position in shares of Carnival Co. & by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock valued at $246,681,000 after buying an additional 6,444,444 shares during the last quarter. Vanguard Group Inc. raised its stake in 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 period. AQR Capital Management LLC lifted its holdings in Carnival Co. & by 228.8% during the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock valued at $116,857,000 after purchasing an additional 3,263,204 shares during the last quarter. Renaissance Technologies LLC boosted its position in Carnival Co. & by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock worth $450,977,000 after purchasing an additional 2,720,096 shares during the period. Finally, Norges Bank acquired a new position in shares of Carnival Co. & in the fourth quarter valued at $59,486,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Carnival Co. & stock traded up $0.95 during midday trading on Friday, reaching $19.58. The company's stock had a trading volume of 27,602,249 shares, compared to its average volume of 26,222,198. 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 stock has a market cap of $22.84 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The business has a 50-day moving average price of $19.55 and a 200-day moving average price of $23.04.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (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 business had revenue of $5.81 billion during the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the prior year, the company earned ($0.14) EPS. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on CCL shares. Mizuho lifted their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Barclays reduced their price objective on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, January 24th. Morgan Stanley upgraded Carnival Co. & from an "underweight" rating to an "equal weight" rating and reduced their price target for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Finally, William Blair reiterated an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Carnival Co. & presently has an average rating of "Moderate Buy" and a consensus target price of $26.53.

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.