Carnival Co. & plc (NYSE:CCL) Stock Holdings Increased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 1.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,203 shares of the company’s stock after purchasing an additional 951 shares during the period. Clear Creek Financial Management LLC’s holdings in Carnival Co. & were worth $1,251,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after acquiring an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC boosted its position in Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after purchasing an additional 811,692 shares during the last quarter. Mizuho Securities USA LLC grew its stake in Carnival Co. & by 8,431.1% in the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock valued at $122,781,000 after purchasing an additional 6,566,120 shares in the last quarter. Goldentree Asset Management LP increased its position in Carnival Co. & by 16.1% in the 3rd quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company’s stock worth $95,037,000 after purchasing an additional 712,469 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Carnival Co. & by 1.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company’s stock worth $75,310,000 after purchasing an additional 39,491 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Trading Down 2.9 %

Shares of Carnival Co. & stock opened at $27.66 on Friday. The company has a market cap of $32.20 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 0.87 and a beta of 2.64. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company’s fifty day simple moving average is $25.58 and its 200-day simple moving average is $21.22. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the business posted ($0.07) EPS. As a group, sell-side analysts expect that Carnival Co. & plc will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCL. Mizuho lifted their price target on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Barclays raised their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Bank of America upped their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Truist Financial raised 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.24.

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.