Carnival Co. & plc (NYSE:CCL) Stock Holdings Boosted by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 3.7% in the 4th quarter, Holdings Channel reports. The fund owned 793,105 shares of the company’s stock after buying an additional 28,527 shares during the period. Royal London Asset Management Ltd.’s holdings in Carnival Co. & were worth $19,764,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Empowered Funds LLC grew its position in Carnival Co. & by 8.8% in the 3rd quarter. Empowered Funds LLC now owns 16,975 shares of the company’s stock valued at $314,000 after buying an additional 1,367 shares in the last quarter. Caprock Group LLC bought a new position in Carnival Co. & in the 3rd quarter valued at about $201,000. Prospera Financial Services Inc grew its position in Carnival Co. & by 4.0% in the 3rd quarter. Prospera Financial Services Inc now owns 42,047 shares of the company’s stock valued at $777,000 after buying an additional 1,598 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Carnival Co. & by 3.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 191,834 shares of the company’s stock valued at $3,545,000 after buying an additional 6,283 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in Carnival Co. & by 50.7% in the 3rd quarter. Avior Wealth Management LLC now owns 2,747 shares of the company’s stock valued at $51,000 after buying an additional 924 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CCL. Morgan Stanley upped their price target 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. Stifel Nicolaus cut their price target on shares of Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 14th. Loop Capital began coverage on shares of Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target for the company. Wells Fargo & Company upped their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group upped their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Price Performance

Shares of CCL opened at $21.02 on Friday. The company has a market capitalization of $24.47 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The business’s 50-day moving average is $24.19 and its 200-day moving average is $22.94.

Carnival Co. & (NYSE:CCL) last issued 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. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.14) EPS. Equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Carnival Co. & Profile

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.