Ameriprise Financial Inc. Has $52.18 Million Holdings in Carnival Co. & plc (NYSE:CCL)

Ameriprise Financial Inc. lifted its position in shares of Carnival Co. & plc (NYSE:CCL) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,093,705 shares of the company’s stock after acquiring an additional 46,129 shares during the quarter. Ameriprise Financial Inc.’s holdings in Carnival Co. & were worth $52,175,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Crewe Advisors LLC boosted its stake in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock valued at $30,000 after purchasing an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & in the 4th quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new position in Carnival Co. & in the 4th quarter valued at approximately $34,000. 1620 Investment Advisors Inc. bought a new position in shares of Carnival Co. & during the fourth quarter valued at $42,000. Finally, Ossiam acquired a new position in shares of Carnival Co. & during the fourth quarter worth $46,000. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL opened at $20.18 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. The firm has a market cap of $23.54 billion, a PE ratio of 14.52, a PEG ratio of 0.73 and a beta of 2.50. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The stock’s fifty day moving average price is $19.20 and its two-hundred day moving average price is $22.99.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.14) earnings per share. On average, equities research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Stifel Nicolaus raised their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. StockNews.com lowered Carnival Co. & from a “buy” rating to a “hold” rating in a research note on Tuesday, May 6th. Macquarie decreased their target price on shares of Carnival Co. & from $31.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday. Mizuho boosted their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. Finally, Truist Financial increased their price objective 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. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.53.

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.