World Investment Advisors LLC Buys New Position in Carnival Co. & plc (NYSE:CCL)

World Investment Advisors LLC bought a new position in Carnival Co. & plc (NYSE:CCL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,635 shares of the company’s stock, valued at approximately $252,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after acquiring an additional 2,301,906 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Carnival Co. & in the second quarter valued at $466,838,000. Geode Capital Management LLC raised its holdings in shares of Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after purchasing an additional 811,692 shares during the period. Marshall Wace LLP boosted its position in shares of Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after purchasing an additional 8,638,865 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Carnival Co. & by 43.6% in the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after buying an additional 2,911,100 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total transaction of $380,100.00. Following the completion of the transaction, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. This represents a 21.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.00% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL opened at $24.82 on Thursday. The stock has a 50 day moving average of $23.81 and a 200 day moving average of $19.38. The company has a market capitalization of $28.65 billion, a price-to-earnings ratio of 22.16 and a beta of 2.67. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $27.17. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The firm had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $0.86 EPS. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Sanford C. Bernstein initiated coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. Truist Financial increased their target price on Carnival Co. & from $20.00 to $29.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. Mizuho boosted their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Wells Fargo & Company upped their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Tigress Financial boosted their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus target price of $26.62.

Carnival Co. & 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.