Ethic Inc. Makes New $590,000 Investment in Carnival Co. & plc (NYSE:CCL)

Ethic Inc. purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 23,687 shares of the company’s stock, valued at approximately $590,000.

A number of other large investors have also recently bought and sold shares of CCL. Franklin Resources Inc. grew its holdings in Carnival Co. & by 8.5% during the 3rd quarter. Franklin Resources Inc. now owns 58,985 shares of the company’s stock worth $1,192,000 after acquiring an additional 4,601 shares during the period. Principal Financial Group Inc. grew its holdings in Carnival Co. & by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,161,417 shares of the company’s stock worth $21,463,000 after acquiring an additional 35,745 shares during the period. Czech National Bank grew its holdings in Carnival Co. & by 9.5% during the 4th quarter. Czech National Bank now owns 225,262 shares of the company’s stock worth $5,614,000 after acquiring an additional 19,472 shares during the period. Wedmont Private Capital grew its holdings in Carnival Co. & by 24.5% during the 4th quarter. Wedmont Private Capital now owns 14,731 shares of the company’s stock worth $358,000 after acquiring an additional 2,899 shares during the period. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Carnival Co. & during the 4th quarter worth about $244,000. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

CCL stock opened at $22.99 on Friday. The company has a market capitalization of $26.82 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. 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. The business has a 50-day simple moving average of $19.36 and a two-hundred day simple moving average of $23.01.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter last year, the firm earned ($0.14) EPS. The company’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 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCL has been the subject of several research reports. Barclays reduced their target price on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Citigroup reduced their target price on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Loop Capital reduced their target price on Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Truist Financial raised 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. Finally, Mizuho raised their target price on Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.83.

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.