Carnival Co. & plc (NYSE:CCL) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund boosted its position in Carnival Co. & plc (NYSE:CCL) by 153.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 336,502 shares of the company’s stock after purchasing an additional 203,710 shares during the period. Illinois Municipal Retirement Fund’s holdings in Carnival Co. & were worth $8,386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC purchased a new position in Carnival Co. & in the fourth quarter valued at about $53,636,000. Bank of New York Mellon Corp increased its holdings in Carnival Co. & by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock valued at $145,571,000 after buying an additional 19,768 shares in the last quarter. IFP Advisors Inc increased its holdings in Carnival Co. & by 26.3% in the fourth quarter. IFP Advisors Inc now owns 7,599 shares of the company’s stock valued at $189,000 after buying an additional 1,580 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Carnival Co. & in the fourth quarter valued at about $52,000. Finally, Cabot Wealth Management Inc. purchased a new position in Carnival Co. & in the fourth quarter valued at about $228,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCL. Wells Fargo & Company increased their target price on shares of Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Truist Financial increased their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a report on Friday, January 24th. Citigroup raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Morgan Stanley raised 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. Finally, Bank of America raised their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Stock Up 0.4 %

Shares of NYSE CCL opened at $23.74 on Wednesday. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The firm’s 50 day moving average price is $25.55 and its 200 day moving average price is $22.37. The firm has a market cap of $27.63 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. 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. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. Carnival Co. &’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) EPS. As a group, sell-side analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current 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.