Dimensional Fund Advisors LP Increases Stake in Carnival Co. & plc (NYSE:CCL)

Dimensional Fund Advisors LP raised its stake in shares of Carnival Co. & plc (NYSE:CCLGet Rating) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,641,061 shares of the company’s stock after buying an additional 8,236 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Carnival Co. & were worth $93,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in CCL. Gemmer Asset Management LLC grew its holdings in Carnival Co. & by 150.7% during the 4th quarter. Gemmer Asset Management LLC now owns 1,331 shares of the company’s stock valued at $27,000 after buying an additional 800 shares in the last quarter. PSI Advisors LLC bought a new position in shares of Carnival Co. & during the 3rd quarter valued at about $38,000. Accel Wealth Management boosted its holdings in shares of Carnival Co. & by 75.9% during the 4th quarter. Accel Wealth Management now owns 2,550 shares of the company’s stock valued at $51,000 after purchasing an additional 1,100 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Carnival Co. & during the 4th quarter valued at about $51,000. Finally, Whittier Trust Co. boosted its holdings in shares of Carnival Co. & by 107.6% during the 4th quarter. Whittier Trust Co. now owns 2,786 shares of the company’s stock valued at $56,000 after purchasing an additional 1,444 shares during the last quarter. 65.38% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on CCL. Citigroup decreased their price objective on Carnival Co. & from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, April 19th. Stifel Nicolaus decreased their price objective on Carnival Co. & from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Wednesday, March 23rd. Truist Financial reduced their target price on shares of Carnival Co. & from $20.00 to $17.00 and set a “sell” rating on the stock in a report on Thursday, March 17th. Morgan Stanley reduced their target price on shares of Carnival Co. & from $18.00 to $17.00 and set an “underweight” rating on the stock in a report on Thursday, March 24th. Finally, Jefferies Financial Group reduced their target price on shares of Carnival Co. & from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, March 29th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.19.

CCL opened at $14.28 on Friday. The business has a fifty day moving average of $18.10 and a 200 day moving average of $19.82. Carnival Co. & plc has a 52-week low of $12.72 and a 52-week high of $31.52. The company has a debt-to-equity ratio of 2.90, a quick ratio of 0.70 and a current ratio of 0.74.

Carnival Co. & (NYSE:CCLGet Rating) last posted its quarterly earnings data on Tuesday, March 22nd. The company reported ($1.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.23) by ($0.42). Carnival Co. & had a negative net margin of 268.65% and a negative return on equity of 56.97%. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the firm earned ($1.79) EPS. Carnival Co. &’s revenue was up 6142.3% compared to the same quarter last year. On average, analysts expect that Carnival Co. & plc will post -2.22 EPS for the current fiscal year.

Carnival Co. & Company Profile (Get Rating)

Carnival Corporation & plc operates as a leisure travel company. Its ships visit approximately 700 ports under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises (UK), and Cunard brand names. The company also provides port destinations and other services, as well as owns and owns and operates hotels, lodges, glass-domed railcars, and motor coaches.

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Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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