CHURCHILL MANAGEMENT Corp Boosts Stock Position in Carnival Co. & plc (NYSE:CCL)

CHURCHILL MANAGEMENT Corp increased its position in Carnival Co. & plc (NYSE:CCL) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,119 shares of the company’s stock after acquiring an additional 17,047 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Carnival Co. & were worth $13,235,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its position 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 purchasing an additional 2,301,906 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Carnival Co. & during the second quarter valued at about $466,838,000. Geode Capital Management LLC lifted its position in shares of Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after acquiring an additional 811,692 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Carnival Co. & by 510.5% in the second quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after acquiring an additional 8,638,865 shares during the period. Finally, Mizuho Securities USA LLC grew its position in shares of Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after purchasing an additional 6,566,120 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Up 1.9 %

Shares of NYSE:CCL opened at $24.97 on Thursday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $28.82 billion, a PE ratio of 22.29 and a beta of 2.64. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $27.17. The business’s fifty day simple moving average is $25.14 and its 200-day simple moving average is $20.49.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period in the prior year, the firm posted ($0.07) earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Carnival Co. &

In other news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the sale, the director now owns 65,789 shares in the company, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on CCL. Barclays upped their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Truist Financial raised their target price on shares of Carnival Co. & from $20.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Bank of America boosted 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. Morgan Stanley lifted their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Finally, Wells Fargo & Company increased their price target on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.18.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.