Carnival Co. & plc (NYSE:CCL) Stock Position Lifted by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC lifted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 6.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,368 shares of the company’s stock after purchasing an additional 764 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Carnival Co. & were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CCL. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Carnival Co. & during the 2nd quarter valued at about $466,838,000. Renaissance Technologies LLC increased its stake in shares of Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after acquiring an additional 2,911,100 shares during the period. Point72 Asset Management L.P. raised its holdings in Carnival Co. & by 210.1% during the fourth quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock worth $72,200,000 after purchasing an additional 2,638,564 shares in the last quarter. Norges Bank acquired a new stake in Carnival Co. & in the fourth quarter worth approximately $40,236,000. Finally, Goldentree Asset Management LP bought a new position in Carnival Co. & during the 1st quarter valued at $31,917,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of NYSE:CCL opened at $18.97 on Tuesday. The company’s fifty day moving average is $16.60 and its two-hundred day moving average is $16.17. The company has a market cap of $21.29 billion, a P/E ratio of 29.18 and a beta of 2.68. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74. 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 quarterly earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. The firm had revenue of $5.78 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned ($0.31) earnings per share. Equities analysts expect that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on CCL shares. JPMorgan Chase & Co. boosted their price objective on Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Truist Financial boosted their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Bank of America raised their price objective on shares of Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Morgan Stanley boosted their target price on shares of Carnival Co. & from $13.50 to $15.00 and gave the stock an “underweight” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.63.

Carnival Co. & Company Profile

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.