Banque Cantonale Vaudoise Raises Stock Position in Carnival Co. & plc (NYSE:CCL)

Banque Cantonale Vaudoise increased its position in shares of Carnival Co. & plc (NYSE:CCL) by 112.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,675 shares of the company’s stock after acquiring an additional 3,000 shares during the period. Banque Cantonale Vaudoise’s holdings in Carnival Co. & were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CCL. Truist Financial Corp increased its holdings in shares of Carnival Co. & by 16.7% in the fourth quarter. Truist Financial Corp now owns 60,227 shares of the company’s stock worth $1,117,000 after purchasing an additional 8,608 shares during the period. Russell Investments Group Ltd. increased its stake in Carnival Co. & by 179.3% in the 4th quarter. Russell Investments Group Ltd. now owns 309,707 shares of the company’s stock worth $5,744,000 after acquiring an additional 198,824 shares during the last quarter. Natixis Advisors L.P. raised its holdings in shares of Carnival Co. & by 606.7% in the 4th quarter. Natixis Advisors L.P. now owns 291,593 shares of the company’s stock valued at $5,406,000 after acquiring an additional 250,333 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Carnival Co. & by 29.4% during the 4th quarter. Merit Financial Group LLC now owns 12,956 shares of the company’s stock valued at $240,000 after acquiring an additional 2,944 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Carnival Co. & by 1.5% during the fourth quarter. M&T Bank Corp now owns 55,145 shares of the company’s stock worth $1,022,000 after purchasing an additional 835 shares in the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

Shares of Carnival Co. & stock opened at $16.34 on Wednesday. The company’s fifty day simple moving average is $16.78 and its two-hundred day simple moving average is $15.99. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74. The firm has a market cap of $18.34 billion, a PE ratio of 25.14 and a beta of 2.68. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. The company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. Carnival Co. &’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the firm earned ($0.31) earnings per share. As a group, equities analysts expect that Carnival Co. & plc will post 1.19 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, June 26th. JPMorgan Chase & Co. upped their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Citigroup raised their price target on Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Truist Financial upped their price objective on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, Argus raised their price objective on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.33.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.