Swedbank AB Raises Position in Carnival Co. & plc (NYSE:CCL)

Swedbank AB raised its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 39.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 348,243 shares of the company’s stock after buying an additional 98,008 shares during the quarter. Swedbank AB’s holdings in Carnival Co. & were worth $8,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Ashton Thomas Securities LLC bought a new position in Carnival Co. & in the third quarter valued at $25,000. Assetmark Inc. increased its position in shares of Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after purchasing an additional 1,546 shares during the last quarter. CVA Family Office LLC raised its holdings in shares of Carnival Co. & by 163.9% during the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after buying an additional 1,205 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Carnival Co. & in the 4th quarter worth approximately $52,000. Finally, Morse Asset Management Inc purchased a new stake in Carnival Co. & in the third quarter worth approximately $46,000. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on CCL shares. Bank of America lifted their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Citigroup lifted their target price on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Mizuho upped their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Truist Financial raised 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. Finally, Stifel Nicolaus boosted their target price on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus price target of $27.24.

Carnival Co. & Trading Down 2.9 %

Shares of CCL opened at $27.66 on Friday. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The firm has a market capitalization of $32.20 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 0.87 and a beta of 2.64. The firm’s 50-day moving average price is $25.58 and its 200-day moving average price 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 data on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) EPS. Sell-side analysts anticipate that Carnival Co. & plc will post 1.76 EPS for the current year.

Carnival Co. & Company 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.