Stifel Financial Corp Increases Stake in Carnival Co. & plc (NYSE:CCL)

Stifel Financial Corp raised its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 1.3% during the 4th quarter, HoldingsChannel reports. The fund owned 781,608 shares of the company’s stock after acquiring an additional 9,709 shares during the quarter. Stifel Financial Corp’s holdings in Carnival Co. & were worth $19,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CCL. Vanguard Group Inc. raised its position in shares of Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares during the period. Geode Capital Management LLC raised its holdings in Carnival Co. & by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock valued at $627,053,000 after acquiring an additional 1,201,256 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Carnival Co. & by 4.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock worth $464,747,000 after acquiring an additional 877,694 shares during the period. Renaissance Technologies LLC grew its position in shares of Carnival Co. & by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company’s stock worth $450,977,000 after purchasing an additional 2,720,096 shares in the last quarter. Finally, FMR LLC raised its stake in Carnival Co. & by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company’s stock valued at $246,681,000 after purchasing an additional 6,444,444 shares during the period. Institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

CCL has been the subject of several recent analyst reports. Northcoast Research started coverage on Carnival Co. & in a research note on Friday. They issued a “neutral” rating for the company. Truist Financial upped their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. BNP Paribas initiated coverage on shares of Carnival Co. & in a report on Thursday, March 27th. They issued an “outperform” rating and a $26.00 price target on the stock. Barclays dropped their price objective on shares of Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Morgan Stanley raised Carnival Co. & from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $25.00 to $21.00 in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.53.

Carnival Co. & Price Performance

Shares of CCL stock opened at $18.61 on Friday. The stock has a 50 day moving average price of $20.09 and a 200 day moving average price of $23.08. The firm has a market capitalization of $21.71 billion, a P/E ratio of 13.39, a P/E/G ratio of 0.73 and a beta of 2.42. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

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

Carnival Co. & Company 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.