OFI Invest Asset Management Buys New Stake in Carnival Co. & plc (NYSE:CCL)

OFI Invest Asset Management purchased a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 116,600 shares of the company's stock, valued at approximately $2,806,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCL. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Carnival Co. & during the 4th quarter valued at about $222,000. PNC Financial Services Group Inc. grew its holdings in Carnival Co. & by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 200,169 shares of the company's stock valued at $4,988,000 after purchasing an additional 8,335 shares during the period. Banco Santander S.A. purchased a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $421,000. Andra AP fonden acquired a new position in shares of Carnival Co. & during the 4th quarter worth approximately $5,866,000. Finally, E Fund Management Co. Ltd. lifted its position in shares of Carnival Co. & by 1.6% during the 4th quarter. E Fund Management Co. Ltd. now owns 54,935 shares of the company's stock valued at $1,369,000 after buying an additional 859 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a "market perform" rating and a $26.00 price objective for the company. Mizuho upped their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Barclays lifted their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an "overweight" rating in a report on Monday, December 23rd. Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a "hold" rating in a report on Friday, January 24th. Finally, Stifel Nicolaus lifted their price target on Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Carnival Co. & presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.11.

Carnival Co. & Trading Down 2.1 %

NYSE:CCL traded down $0.41 on Thursday, reaching $19.10. The company's stock had a trading volume of 28,353,186 shares, compared to its average volume of 26,200,808. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The stock has a 50 day moving average price of $24.72 and a 200 day moving average price of $22.80. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. 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. & (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the firm earned ($0.07) EPS. Carnival Co. &'s revenue was up 10.0% on a year-over-year basis. On average, equities analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

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.