Handelsbanken Fonder AB Grows Stake in Carnival Co. & plc (NYSE:CCL)

Handelsbanken Fonder AB boosted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 443,113 shares of the company’s stock after purchasing an additional 4,424 shares during the quarter. Handelsbanken Fonder AB’s holdings in Carnival Co. & were worth $8,189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Empowered Funds LLC boosted its position in shares of Carnival Co. & by 29.4% during the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock worth $269,000 after acquiring an additional 3,741 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Carnival Co. & by 72.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 246,026 shares of the company’s stock worth $4,223,000 after buying an additional 103,501 shares in the last quarter. Cetera Advisors LLC boosted its stake in Carnival Co. & by 38.3% during the first quarter. Cetera Advisors LLC now owns 40,708 shares of the company’s stock valued at $665,000 after buying an additional 11,276 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Carnival Co. & by 114.8% during the 1st quarter. Janus Henderson Group PLC now owns 179,295 shares of the company’s stock valued at $2,929,000 after buying an additional 95,828 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in Carnival Co. & by 2.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 565,055 shares of the company’s stock worth $9,228,000 after acquiring an additional 14,569 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $18.01 on Tuesday. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.28 and a quick ratio of 0.24. The stock has a market cap of $20.22 billion, a price-to-earnings ratio of 27.71 and a beta of 2.69. The firm has a 50-day moving average of $16.58 and a two-hundred day moving average of $16.28. Carnival Co. & plc has a 1 year low of $10.84 and a 1 year high of $19.74.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 15.22% and a net margin of 3.86%. Carnival Co. &’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. On average, research analysts forecast that Carnival Co. & plc will post 1.21 earnings per share for the current year.

Analysts Set New Price Targets

CCL has been the subject of a number of research reports. Macquarie increased their target price on Carnival Co. & from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, June 26th. Morgan Stanley increased their price target on shares of Carnival Co. & from $15.00 to $16.50 and gave the company an “underweight” rating in a report on Tuesday, October 1st. Argus lifted their price target on Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Truist Financial upped their price objective on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $23.16.

About Carnival Co. &

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.