Carnival Co. & plc (NYSE:CCL) Shares Acquired by TCW Group Inc.

TCW Group Inc. raised its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,445 shares of the company’s stock after buying an additional 788 shares during the period. TCW Group Inc.’s holdings in Carnival Co. & were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CCL. Olympiad Research LP bought a new stake in shares of Carnival Co. & in the fourth quarter worth $256,000. Legacy Capital Group California Inc. acquired a new position in Carnival Co. & in the fourth quarter worth approximately $871,000. ING Groep NV boosted its position in shares of Carnival Co. & by 161.1% in the fourth quarter. ING Groep NV now owns 353,402 shares of the company’s stock valued at $8,807,000 after acquiring an additional 218,064 shares during the period. Concurrent Investment Advisors LLC acquired a new position in Carnival Co. & during the fourth quarter worth $205,000. Finally, Advyzon Investment Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at $209,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCL has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Truist Financial raised their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Stifel Nicolaus lifted their target price on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company boosted their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Sanford C. Bernstein assumed coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Stock Performance

Shares of CCL opened at $23.62 on Tuesday. The company has a market cap of $27.50 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 0.73 and a beta of 2.64. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. 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 business’s fifty day simple moving average is $25.59 and its two-hundred day simple moving average is $22.30.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) earnings per share. Research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & 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.