Fidelis Capital Partners LLC Boosts Stake in Carnival Co. & plc (NYSE:CCL)

Fidelis Capital Partners LLC grew its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 6.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,368 shares of the company’s stock after acquiring an additional 764 shares during the period. Fidelis Capital Partners LLC’s holdings in Carnival Co. & were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CCL. Vanguard Group Inc. grew its stake in Carnival Co. & by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock valued at $2,098,055,000 after purchasing an additional 559,038 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Carnival Co. & during the 2nd quarter valued at approximately $466,838,000. Renaissance Technologies LLC grew its position in shares of Carnival Co. & by 43.6% during the second 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Carnival Co. & by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock worth $109,444,000 after buying an additional 473,848 shares during the last quarter. Finally, Earnest Partners LLC raised its holdings in Carnival Co. & by 12.5% in the first quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock valued at $74,631,000 after acquiring an additional 507,045 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Performance

CCL stock opened at $18.97 on Tuesday. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74. The stock has a market capitalization of $21.29 billion, a price-to-earnings ratio of 29.18 and a beta of 2.68. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. The stock’s fifty day moving average is $16.60 and its two-hundred day moving average is $16.17.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The firm had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.68 billion. During the same period last year, the firm posted ($0.31) EPS. Carnival Co. &’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, research analysts predict that Carnival Co. & plc will post 1.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CCL shares. Susquehanna reissued a “positive” rating and set a $22.00 price objective on shares of Carnival Co. & in a report on Wednesday, June 26th. Truist Financial lifted their price target on Carnival Co. & from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Mizuho upped their price objective on Carnival Co. & from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Bank of America lifted their target price on Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Morgan Stanley boosted their price target on Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus target price of $22.63.

Carnival Co. & Company 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.