Mercer Global Advisors Inc. ADV boosted its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 614,229 shares of the company's stock after purchasing an additional 33,323 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.05% of Carnival Co. & worth $15,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of CCL. Vanguard Group Inc. raised its position in shares of Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. Geode Capital Management LLC increased its stake in Carnival Co. & by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock worth $627,053,000 after acquiring an additional 1,201,256 shares during the last quarter. Arrowstreet Capital Limited Partnership raised 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 in the last quarter. Renaissance Technologies LLC boosted its position in shares of Carnival Co. & by 17.7% during the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after acquiring an additional 2,720,096 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Carnival Co. & by 14.8% during the fourth quarter. Northern Trust Corp now owns 10,638,692 shares of the company's stock worth $265,116,000 after purchasing an additional 1,374,714 shares in the last quarter. 67.19% of the stock is owned by institutional investors.
Carnival Co. & Trading Up 5.1 %
CCL opened at $19.58 on Friday. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. 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 business has a 50 day simple moving average of $19.55 and a two-hundred day simple moving average of $23.02. The firm has a market capitalization of $22.84 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.73 and a beta of 2.42.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.11. The company had revenue of $5.81 billion during 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 firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) earnings per share. Analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.
Wall Street Analysts Forecast Growth
CCL has been the subject of several research analyst reports. BNP Paribas assumed coverage on shares of Carnival Co. & in a research report on Thursday, March 27th. They set an "outperform" rating and a $26.00 target price for the company. William Blair reiterated an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. StockNews.com downgraded Carnival Co. & from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Mizuho upped their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday, March 24th. Finally, Northcoast Research started coverage on Carnival Co. & in a report on Friday, April 25th. They set a "neutral" rating on the stock. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Carnival Co. & presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.53.
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Carnival Co. & Company Profile
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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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