1,371 Shares in Carnival Co. & plc (NYSE:CCL) Purchased by Millstone Evans Group LLC

Millstone Evans Group LLC acquired a new stake in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,371 shares of the company’s stock, valued at approximately $34,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings 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 buying an additional 2,301,906 shares during the period. Los Angeles Capital Management LLC purchased a new position in Carnival Co. & in the fourth quarter worth $53,636,000. Wedge Capital Management L L P NC lifted its holdings in Carnival Co. & by 718.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock valued at $53,976,000 after acquiring an additional 1,901,224 shares during the period. Holocene Advisors LP purchased a new stake in shares of Carnival Co. & during the 3rd quarter worth $26,806,000. Finally, Verition Fund Management LLC grew its stake in shares of Carnival Co. & by 115.0% during the 3rd quarter. Verition Fund Management LLC now owns 2,404,541 shares of the company’s stock worth $44,436,000 after purchasing an additional 1,286,054 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of CCL opened at $21.46 on Tuesday. The company has a market capitalization of $24.98 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 0.73 and a beta of 2.66. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company’s 50 day simple moving average is $24.14 and its 200 day simple moving average is $23.07.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. The business had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) earnings per share. On average, sell-side analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on CCL shares. Stifel Nicolaus raised their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Monday. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Truist Financial lifted their price objective on Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group upped their target price on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.72.

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.