OneDigital Investment Advisors LLC Cuts Stake in Carnival Co. & plc (NYSE:CCL)

OneDigital Investment Advisors LLC lessened its stake in Carnival Co. & plc (NYSE:CCL) by 71.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,487 shares of the company’s stock after selling 38,997 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Carnival Co. & were worth $386,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Carnival Co. & by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Carnival Co. & by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock valued at $627,053,000 after purchasing an additional 1,201,256 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Carnival Co. & by 4.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock worth $464,747,000 after purchasing an additional 877,694 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Carnival Co. & by 17.7% in the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company’s stock worth $450,977,000 after buying an additional 2,720,096 shares in the last quarter. Finally, FMR LLC boosted its stake in Carnival Co. & by 186.6% during the fourth quarter. FMR LLC now owns 9,898,906 shares of the company’s stock valued at $246,681,000 after buying an additional 6,444,444 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CCL. Citigroup reduced their price objective on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Truist Financial upped their price target on shares of Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Loop Capital lowered their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Mizuho upped their target price on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, March 24th. Finally, Morgan Stanley upgraded Carnival Co. & from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $25.00 to $21.00 in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.84.

Carnival Co. & Trading Up 0.4 %

Shares of CCL opened at $17.94 on Friday. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.73 and a beta of 2.42. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a 50-day moving average of $20.87 and a 200 day moving average of $23.08.

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

Carnival Co. & Company 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.