Asset Management One Co. Ltd. Increases Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Asset Management One Co. Ltd. lifted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 8.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 400,065 shares of the company’s stock after purchasing an additional 30,482 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Carnival Co. & were worth $10,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CCL. Avidian Wealth Enterprises LLC grew its position in Carnival Co. & by 4.6% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after buying an additional 468 shares during the last quarter. Hartford Investment Management Co. raised its stake 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 buying an additional 387 shares during the last quarter. Gladstone Institutional Advisory LLC increased its position in Carnival Co. & by 121.5% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 26,849 shares of the company’s stock worth $669,000 after purchasing an additional 14,727 shares in the last quarter. Fortress Financial Solutions LLC purchased a new stake in Carnival Co. & during the 4th quarter worth about $596,000. Finally, Soltis Investment Advisors LLC purchased a new stake in Carnival Co. & during the 4th quarter worth about $301,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Trading Up 1.3 %

Shares of NYSE CCL opened at $26.20 on Tuesday. The business has a fifty day simple moving average of $25.72 and a 200-day simple moving average of $21.87. The company has a market cap of $30.50 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 0.82 and a beta of 2.64. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) 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 firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the business earned ($0.07) EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on CCL. Bank of America lifted their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Stifel Nicolaus upped their target price on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Truist Financial upped their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Wells Fargo & Company increased their price target on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein began coverage on Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and a consensus 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.