Corebridge Financial Inc. Boosts Stake in Carnival Co. & plc (NYSE:CCL)

Corebridge Financial Inc. lifted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 3.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 263,168 shares of the company’s stock after purchasing an additional 7,778 shares during the quarter. Corebridge Financial Inc.’s holdings in Carnival Co. & were worth $6,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCL. Vanguard Group Inc. increased its position in shares of Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares during the last quarter. State Street Corp increased its holdings in Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC raised its position in Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after purchasing an additional 811,692 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Carnival Co. & by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock worth $155,745,000 after purchasing an additional 223,195 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Carnival Co. & by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after buying an additional 19,768 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCL has been the topic of several research reports. Tigress Financial reissued a “buy” rating on shares of Carnival Co. & in a research note on Wednesday. Wells Fargo & Company increased their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. The Goldman Sachs Group lifted their price objective on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Citigroup decreased their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Finally, Mizuho upped their price objective on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Stock Down 4.5 %

CCL stock opened at $19.85 on Friday. The company’s 50 day moving average is $23.79 and its two-hundred day moving average is $23.11. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a market cap of $23.10 billion, a P/E ratio of 14.28, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the previous year, the company earned ($0.14) earnings per share. Carnival Co. &’s quarterly revenue was up 7.5% compared to the same quarter last year. Research analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

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.