Oak Thistle LLC Takes Position in Carnival Co. & plc (NYSE:CCL)

Oak Thistle LLC bought a new stake in shares of Carnival Co. & plc (NYSE:CCLFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 28,923 shares of the company’s stock, valued at approximately $536,000.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Carnival Co. & by 19.5% during the third quarter. Vanguard Group Inc. now owns 109,251,208 shares of the company’s stock valued at $768,036,000 after acquiring an additional 17,815,226 shares in the last quarter. Geode Capital Management LLC grew its stake in Carnival Co. & by 2.3% in the first quarter. Geode Capital Management LLC now owns 20,504,071 shares of the company’s stock worth $207,642,000 after purchasing an additional 469,764 shares in the last quarter. Two Sigma Advisers LP grew its stake in Carnival Co. & by 27.6% in the first quarter. Two Sigma Advisers LP now owns 11,197,800 shares of the company’s stock worth $113,658,000 after purchasing an additional 2,423,700 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Carnival Co. & by 8.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,279,978 shares of the company’s stock worth $74,797,000 after purchasing an additional 736,456 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in Carnival Co. & by 177.5% in the second quarter. Nuveen Asset Management LLC now owns 8,132,897 shares of the company’s stock worth $153,142,000 after purchasing an additional 5,201,843 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO David Bernstein sold 34,020 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $17.05, for a total transaction of $580,041.00. Following the sale, the chief financial officer now owns 335,976 shares of the company’s stock, valued at $5,728,390.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 11.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CCL has been the subject of a number of research reports. Truist Financial lifted their price target on Carnival Co. & from $15.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 18th. Argus decreased their price target on Carnival Co. & from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on Carnival Co. & from $14.00 to $18.00 and gave the stock a “hold” rating in a research note on Friday, December 22nd. The Goldman Sachs Group began coverage on Carnival Co. & in a research note on Wednesday, March 13th. They issued a “buy” rating and a $20.00 price target for the company. Finally, Citigroup raised their target price on shares of Carnival Co. & from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.37.

View Our Latest Stock Analysis on CCL

Carnival Co. & Stock Performance

CCL opened at $15.34 on Thursday. The business’s 50 day moving average is $15.98 and its 200-day moving average is $15.36. The stock has a market cap of $17.22 billion, a PE ratio of 59.54 and a beta of 2.54. The company has a current ratio of 0.36, a quick ratio of 0.32 and a debt-to-equity ratio of 4.27. Carnival Co. & plc has a twelve month low of $8.70 and a twelve month high of $19.74.

Carnival Co. & (NYSE:CCLGet Free Report) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The company had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the company posted ($0.55) earnings per share. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, analysts predict that Carnival Co. & plc will post 0.97 earnings per share for the current year.

Carnival Co. & Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Carnival Co. & (NYSE:CCL)

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