Carnival Co. & plc (NYSE:CCL) Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in Carnival Co. & plc (NYSE:CCL) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 523,791 shares of the company’s stock after purchasing an additional 80,678 shares during the quarter. Handelsbanken Fonder AB’s holdings in Carnival Co. & were worth $13,053,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Hartford Investment Management Co. grew its holdings in shares of Carnival Co. & by 0.6% during the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock worth $1,601,000 after purchasing an additional 387 shares during the period. Encompass Wealth Advisors LLC grew its holdings in shares of Carnival Co. & by 2.9% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after purchasing an additional 451 shares during the period. Avidian Wealth Enterprises LLC grew its holdings in shares of Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after purchasing an additional 468 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after purchasing an additional 521 shares during the period. Finally, Graypoint LLC grew its holdings in shares of Carnival Co. & by 5.3% during the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock worth $276,000 after purchasing an additional 560 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

CCL stock opened at $23.19 on Friday. 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 firm has a market capitalization of $26.99 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.78 and a beta of 2.64. The business’s 50-day moving average is $25.64 and its two-hundred day moving average is $22.13. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the company earned ($0.07) EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Loop Capital assumed coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 target price on the stock. Sanford C. Bernstein assumed coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. Truist Financial increased their target price on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, Bank of America increased 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. One research 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.11.

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.