Lazard Asset Management LLC Buys 11,922 Shares of Carnival Co. & plc (NYSE:CCL)

Lazard Asset Management LLC boosted its holdings in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 11.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,147 shares of the company's stock after buying an additional 11,922 shares during the period. Lazard Asset Management LLC's holdings in Carnival Co. & were worth $2,994,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock valued at $4,384,000 after buying an additional 1,678 shares during the period. Illinois Municipal Retirement Fund raised its position in Carnival Co. & by 153.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after buying an additional 203,710 shares during the period. Private Advisor Group LLC raised its position in Carnival Co. & by 26.6% during the fourth quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock valued at $2,164,000 after buying an additional 18,269 shares during the period. Convergence Investment Partners LLC increased its position in Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock worth $1,002,000 after purchasing an additional 14,165 shares during the last quarter. Finally, Norges Bank acquired a new position in Carnival Co. & in the 4th quarter worth about $59,486,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Trading Down 2.1%

NYSE CCL traded down $0.50 on Tuesday, reaching $22.89. The company had a trading volume of 18,766,601 shares, compared to its average volume of 26,127,669. The stock's 50 day moving average is $19.53 and its 200-day moving average is $23.05. The stock has a market cap of $26.70 billion, a price-to-earnings ratio of 16.47, a PEG 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 52 week low of $13.78 and a 52 week high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the previous year, the company posted ($0.14) earnings per share. The company's revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CCL shares. Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Truist Financial dropped their target price on Carnival Co. & from $30.00 to $27.00 and set a "hold" rating on the stock in a research report on Monday. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Northcoast Research started coverage on Carnival Co. & in a research report on Friday, April 25th. They issued a "neutral" rating on the stock. Finally, Barclays dropped their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Carnival Co. & currently has an average rating of "Moderate Buy" and a consensus target price of $26.53.

Carnival Co. & 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.