62,805 Shares in Carnival Co. & plc (NYSE:CCL) Purchased by GQG Partners LLC

GQG Partners LLC purchased a new position in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 62,805 shares of the company’s stock, valued at approximately $1,565,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock worth $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. State Street Corp boosted its holdings in shares of Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Carnival Co. & during the fourth quarter valued at about $53,636,000. Wedge Capital Management L L P NC increased its holdings in shares of Carnival Co. & by 718.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after purchasing an additional 1,901,224 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of Carnival Co. & in the third quarter worth about $26,806,000. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Loop Capital decreased their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Monday. Morgan Stanley lifted their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein assumed coverage on shares of Carnival Co. & in a research report on Tuesday, November 26th. They set a “market perform” rating and a $26.00 target price on the stock. Finally, Citigroup lowered their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average target price of $26.72.

Carnival Co. & Trading Up 2.5 %

Shares of NYSE:CCL opened at $21.46 on Tuesday. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $24.98 billion, a PE ratio of 15.44, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The business’s fifty day simple moving average is $24.14 and its 200-day simple moving average is $23.07.

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

Carnival Co. & Company 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.