Banco Santander S.A. Acquires New Stake in Carnival Co. & plc (NYSE:CCL)

Banco Santander S.A. bought a new position in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 16,885 shares of the company’s stock, valued at approximately $421,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Carnival Co. & in the third quarter worth approximately $25,000. Crewe Advisors LLC raised its holdings in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares during the last quarter. Assetmark Inc. lifted its position in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after purchasing an additional 1,546 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & in the 4th quarter valued at $34,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & during the third quarter worth $46,000. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Down 7.6 %

CCL opened at $19.07 on Tuesday. The firm has a market capitalization of $22.20 billion, a PE ratio of 13.72, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company’s 50-day moving average is $24.95 and its 200 day moving average is $22.80.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. The firm had revenue of $5.94 billion during 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%. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) earnings per share. As a group, research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CCL shares. Morgan Stanley boosted their target price on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Truist Financial boosted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Bank of America raised their target price on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Stifel Nicolaus boosted their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Mizuho raised their price objective 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. One 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 MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

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.