Carnival Co. & plc (NYSE:CCL) Shares Bought by Arizona State Retirement System

Arizona State Retirement System grew its stake in shares of Carnival Co. & plc (NYSE:CCL) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 301,707 shares of the company’s stock after acquiring an additional 12,319 shares during the period. Arizona State Retirement System’s holdings in Carnival Co. & were worth $7,519,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Carnival Co. & by 1.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company’s stock worth $4,384,000 after purchasing an additional 1,678 shares during the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Carnival Co. & by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company’s stock worth $8,386,000 after buying an additional 203,710 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Carnival Co. & by 26.6% in the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company’s stock worth $2,164,000 after buying an additional 18,269 shares in the last quarter. Convergence Investment Partners LLC grew its stake in Carnival Co. & by 54.4% in the 4th quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company’s stock valued at $1,002,000 after acquiring an additional 14,165 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Carnival Co. & by 72.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company’s stock valued at $53,052,000 after acquiring an additional 1,204,500 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Down 1.2 %

Shares of CCL opened at $20.62 on Friday. The firm has a market cap of $24.00 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. The company’s fifty day moving average is $25.07 and its two-hundred day moving average is $22.68. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) earnings per share. Analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CCL shares. 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 report on Thursday, December 5th. Loop Capital started coverage on Carnival Co. & in a research note on Tuesday, February 4th. They issued a “hold” rating and a $25.00 target price on the stock. Sanford C. Bernstein started coverage on Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target for the company. Truist Financial boosted their price target on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Citigroup increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Carnival Co. & currently has an average 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.