Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.05 Million Stake in Carnival Co. & plc (NYSE:CCL)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in Carnival Co. & plc (NYSE:CCL) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,300 shares of the company’s stock after selling 19,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Carnival Co. & were worth $4,045,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CCL. Hartford Investment Management Co. increased its stake in shares of Carnival Co. & by 0.6% in the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after buying an additional 387 shares during the period. Encompass Wealth Advisors LLC boosted its holdings in Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock valued at $297,000 after acquiring an additional 451 shares during the last quarter. Avidian Wealth Enterprises LLC increased its position in Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after purchasing an additional 468 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after purchasing an additional 521 shares during the last quarter. Finally, Graypoint LLC lifted its position in Carnival Co. & by 5.3% during the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after purchasing an additional 560 shares during the period. Institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CCL shares. Morgan Stanley lifted their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Loop Capital initiated coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price for the company. Bank of America increased their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price objective for the company. Finally, Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Trading Up 0.4 %

NYSE CCL opened at $23.74 on Wednesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The stock has a market capitalization of $27.63 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 0.73 and a beta of 2.64. The stock’s 50 day moving average price is $25.55 and its two-hundred day moving average price is $22.37.

Carnival Co. & (NYSE:CCL) last released its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.07) earnings per share. As a group, analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share 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.