Mackenzie Financial Corp Buys 277,911 Shares of Carnival Co. & plc (NYSE:CCL)

Mackenzie Financial Corp increased its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 32.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,125,861 shares of the company's stock after acquiring an additional 277,911 shares during the period. Mackenzie Financial Corp owned about 0.10% of Carnival Co. & worth $20,873,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Carnival Co. & by 19.5% during the 3rd quarter. Vanguard Group Inc. now owns 109,251,208 shares of the company's stock worth $768,036,000 after acquiring an additional 17,815,226 shares in the last quarter. Geode Capital Management LLC lifted its stake in Carnival Co. & by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 20,504,071 shares of the company's stock valued at $207,642,000 after purchasing an additional 469,764 shares during the last quarter. Two Sigma Advisers LP lifted its stake in Carnival Co. & by 27.6% in the 1st quarter. Two Sigma Advisers LP now owns 11,197,800 shares of the company's stock valued at $113,658,000 after purchasing an additional 2,423,700 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Carnival Co. & by 8.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,279,978 shares of the company's stock valued at $74,797,000 after purchasing an additional 736,456 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Carnival Co. & by 177.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,132,897 shares of the company's stock valued at $153,142,000 after purchasing an additional 5,201,843 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Stock Down 0.5 %

NYSE:CCL traded down $0.06 during trading hours on Friday, reaching $14.12. The company had a trading volume of 29,476,235 shares, compared to its average volume of 32,171,516. The company has a quick ratio of 0.32, a current ratio of 0.36 and a debt-to-equity ratio of 4.27. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 54.31 and a beta of 2.54. The business's 50-day simple moving average is $15.64 and its two-hundred day simple moving average is $15.39. Carnival Co. & plc has a twelve month low of $8.70 and a twelve month high of $19.74.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.04. The business had revenue of $5.41 billion during the quarter, compared to analysts' expectations of $5.42 billion. Carnival Co. & had a net margin of 1.79% and a return on equity of 7.75%. The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the company posted ($0.55) earnings per share. On average, equities analysts expect that Carnival Co. & plc will post 1.01 earnings per share for the current year.

Insider Activity

In other news, CFO David Bernstein sold 153,995 shares of Carnival Co. & stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total transaction of $2,366,903.15. Following the completion of the transaction, the chief financial officer now directly owns 181,981 shares in the company, valued at $2,797,047.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.00% of the company's stock.

Wall Street Analyst Weigh In

CCL has been the subject of several research reports. Mizuho initiated coverage on shares of Carnival Co. & in a research note on Tuesday, March 26th. They issued a "buy" rating and a $21.00 price objective for the company. Stifel Nicolaus dropped their price objective on shares of Carnival Co. & from $26.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, March 28th. Truist Financial increased their price objective on shares of Carnival Co. & from $15.00 to $18.00 and gave the company a "hold" rating in a research note on Thursday, January 18th. Wells Fargo & Company raised shares of Carnival Co. & from an "equal weight" rating to an "overweight" rating and set a $22.00 price target for the company in a research note on Friday, January 5th. Finally, Macquarie raised their price target on shares of Carnival Co. & from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.47.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.