Mercer Global Advisors Inc. ADV Purchases 65,723 Shares of Carnival Co. & plc (NYSE:CCL)

Mercer Global Advisors Inc. ADV increased its position in shares of Carnival Co. & plc (NYSE:CCL) by 13.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 565,737 shares of the company’s stock after acquiring an additional 65,723 shares during the quarter. Mercer Global Advisors Inc. ADV owned about 0.05% of Carnival Co. & worth $10,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CCL. Family Firm Inc. acquired a new position in shares of Carnival Co. & during the second quarter worth $26,000. Hantz Financial Services Inc. acquired a new stake in shares of Carnival Co. & in the 2nd quarter worth $30,000. Richardson Capital Management LLC purchased a new position in Carnival Co. & during the 1st quarter worth $26,000. ICA Group Wealth Management LLC acquired a new position in Carnival Co. & during the 4th quarter valued at about $31,000. Finally, BNP Paribas purchased a new stake in Carnival Co. & in the first quarter valued at about $32,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citigroup upped their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Truist Financial upped their target price on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Susquehanna reaffirmed a “positive” rating and set a $22.00 price target on shares of Carnival Co. & in a research report on Wednesday, June 26th. Finally, Argus increased their price objective on Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Carnival Co. & Trading Up 2.2 %

CCL stock opened at $18.77 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. Carnival Co. & plc has a 52-week low of $10.84 and a 52-week high of $19.74. The company’s 50-day simple moving average is $16.57 and its 200-day simple moving average is $16.12. The firm has a market cap of $21.06 billion, a P/E ratio of 28.87 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The business had revenue of $5.78 billion during the quarter, compared to analysts’ expectations of $5.68 billion. During the same period in the previous year, the business earned ($0.31) earnings per share. The business’s revenue was up 17.7% compared to the same quarter last year. As a group, equities analysts forecast that Carnival Co. & plc will post 1.19 EPS for the current fiscal year.

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.