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

Handelsbanken Fonder AB lifted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 18.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 523,791 shares of the company’s stock after buying an additional 80,678 shares during the period. Handelsbanken Fonder AB’s holdings in Carnival Co. & were worth $13,053,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its stake in Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after buying an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC grew its stake in Carnival Co. & by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after buying an additional 811,692 shares during the last quarter. Mizuho Securities USA LLC grew its stake in Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after buying an additional 6,566,120 shares during the last quarter. Goldentree Asset Management LP grew its stake in Carnival Co. & by 16.1% during the 3rd quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company’s stock worth $95,037,000 after buying an additional 712,469 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Carnival Co. & by 3.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,924,882 shares of the company’s stock worth $72,532,000 after buying an additional 139,761 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CCL shares. Mizuho raised their price target on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. Loop Capital assumed coverage on Carnival Co. & in a research note on Tuesday, February 4th. They set a “hold” rating and a $25.00 price target on the stock. Truist Financial lifted their target price on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Stifel Nicolaus lifted their target price on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Bank of America lifted their target price on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Stock Down 5.6 %

Carnival Co. & 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. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a market cap of $26.99 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 0.78 and a beta of 2.64. The stock’s 50 day moving average price is $25.64 and its 200 day moving average price is $22.13.

Carnival Co. & (NYSE:CCL) last issued 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. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.07) earnings per share. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

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.