Creative Planning Increases Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Creative Planning grew its stake in shares of Carnival Co. & plc (NYSE:CCL) by 20.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 510,361 shares of the company’s stock after purchasing an additional 86,331 shares during the quarter. Creative Planning’s holdings in Carnival Co. & were worth $9,554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in Carnival Co. & by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock valued at $2,098,055,000 after acquiring an additional 559,038 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Carnival Co. & in the 2nd quarter valued at about $466,838,000. Marshall Wace LLP boosted its position in shares of Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock valued at $193,398,000 after purchasing an additional 8,638,865 shares during the period. Renaissance Technologies LLC grew its stake in Carnival Co. & by 43.6% during the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock worth $179,435,000 after buying an additional 2,911,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Carnival Co. & by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock valued at $109,444,000 after purchasing an additional 473,848 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL opened at $18.02 on Wednesday. The stock has a market capitalization of $20.23 billion, a PE ratio of 27.72 and a beta of 2.68. The business’s fifty day moving average price is $16.57 and its 200 day moving average price is $16.25. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.82 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. Carnival Co. &’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $0.86 earnings per share. Equities research analysts forecast that Carnival Co. & plc will post 1.21 EPS for the current year.

Analysts Set New Price Targets

CCL has been the topic of several recent analyst reports. Susquehanna restated a “positive” rating and set a $22.00 target price on shares of Carnival Co. & in a research report on Wednesday, June 26th. Truist Financial lifted their price target on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Bank of America increased their price objective on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Finally, Barclays raised their price objective on Carnival Co. & from $25.00 to $26.00 and gave the company an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.84.

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.