Vanguard Group Inc. Buys 4,458,329 Shares of Carnival Co. & plc (NYSE:CCL)

Vanguard Group Inc. raised its stake in shares of Carnival Co. & plc (NYSE:CCL) by 4.0% in the fourth quarter, Holdings Channel reports. The fund owned 117,095,566 shares of the company’s stock after acquiring an additional 4,458,329 shares during the period. Vanguard Group Inc. owned about 0.10% of Carnival Co. & worth $2,918,022,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after buying an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after acquiring an additional 811,692 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Carnival Co. & by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock worth $155,745,000 after acquiring an additional 223,195 shares in the last quarter. Bank of New York Mellon Corp grew its position in Carnival Co. & by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after acquiring an additional 19,768 shares during the last quarter. Finally, Goldentree Asset Management LP increased its holdings in Carnival Co. & by 16.1% during the 3rd quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company’s stock valued at $95,037,000 after purchasing an additional 712,469 shares in the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Down 0.9 %

NYSE:CCL opened at $21.25 on Wednesday. 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 twelve month low of $13.78 and a twelve month high of $28.72. The company has a market cap of $24.74 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The business has a 50 day moving average price of $24.07 and a two-hundred day moving average price of $23.11.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on CCL. Barclays increased their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday. Truist Financial increased their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Finally, Wells Fargo & Company increased their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.72.

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.