US Bancorp DE Has $852,000 Stock Position in Carnival Co. & plc (NYSE:CCL)

US Bancorp DE boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,170 shares of the company’s stock after purchasing an additional 946 shares during the quarter. US Bancorp DE’s holdings in Carnival Co. & were worth $852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCL. Robeco Institutional Asset Management B.V. bought a new stake in shares of Carnival Co. & in the 3rd quarter worth about $1,140,000. Principal Financial Group Inc. raised its position in shares of Carnival Co. & by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company’s stock valued at $21,463,000 after acquiring an additional 35,745 shares during the period. Assetmark Inc. raised its position in shares of Carnival Co. & by 1,431.5% in the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after acquiring an additional 1,546 shares during the period. Sigma Planning Corp raised its position in shares of Carnival Co. & by 23.7% in the 3rd quarter. Sigma Planning Corp now owns 39,877 shares of the company’s stock valued at $737,000 after acquiring an additional 7,633 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Carnival Co. & in the 3rd quarter valued at approximately $25,000. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Trading Down 7.6 %

CCL opened at $19.07 on Tuesday. The stock has a market cap of $22.20 billion, a PE ratio of 13.72, a PEG 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 business has a 50 day moving average of $24.95 and a 200-day moving average of $22.80. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72.

Carnival Co. & (NYSE:CCL) last announced 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 for 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 company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. Equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CCL shares. Wells Fargo & Company increased their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Loop Capital initiated coverage on shares of Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target for the company. Truist Financial raised their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. The Goldman Sachs Group raised their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup raised their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. One 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 data from MarketBeat.com, the company currently has a consensus 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.