Mackenzie Financial Corp Boosts Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Mackenzie Financial Corp boosted its stake in Carnival Co. & plc (NYSE:CCL) by 32.8% during the 4th quarter, Holdings Channel reports. The firm owned 1,125,861 shares of the company’s stock after buying an additional 277,911 shares during the quarter. Mackenzie Financial Corp’s holdings in Carnival Co. & were worth $20,873,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CCL. Vanguard Group Inc. lifted its position in shares of Carnival Co. & by 19.5% in the third quarter. Vanguard Group Inc. now owns 109,251,208 shares of the company’s stock worth $768,036,000 after buying an additional 17,815,226 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Carnival Co. & by 2.3% in the first quarter. Geode Capital Management LLC now owns 20,504,071 shares of the company’s stock valued at $207,642,000 after purchasing an additional 469,764 shares in the last quarter. Two Sigma Advisers LP increased its position in Carnival Co. & by 27.6% in the first quarter. Two Sigma Advisers LP now owns 11,197,800 shares of the company’s stock worth $113,658,000 after purchasing an additional 2,423,700 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Carnival Co. & by 8.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,279,978 shares of the company’s stock valued at $74,797,000 after purchasing an additional 736,456 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Carnival Co. & by 177.5% during the second quarter. Nuveen Asset Management LLC now owns 8,132,897 shares of the company’s stock valued at $153,142,000 after purchasing an additional 5,201,843 shares during the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Up 0.4 %

Shares of NYSE CCL opened at $14.18 on Friday. The stock has a 50 day moving average price of $15.64 and a 200 day moving average price of $15.39. The firm has a market capitalization of $15.91 billion, a price-to-earnings ratio of 54.54 and a beta of 2.54. Carnival Co. & plc has a 52-week low of $8.70 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.32 and a current ratio of 0.36.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Wednesday, March 27th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.04. The business had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. Carnival Co. & had a return on equity of 7.75% and a net margin of 1.79%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.55) EPS. Sell-side analysts expect that Carnival Co. & plc will post 1.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Carnival Co. & from $14.00 to $18.00 and gave the company a “hold” rating in a report on Friday, December 22nd. Truist Financial increased their price target on Carnival Co. & from $15.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 18th. Mizuho started coverage on shares of Carnival Co. & in a research note on Tuesday, March 26th. They set a “buy” rating and a $21.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, The Goldman Sachs Group initiated coverage on shares of Carnival Co. & in a report on Wednesday, March 13th. They set a “buy” rating and a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Carnival Co. & currently has an average rating of “Moderate Buy” and an average target price of $21.47.

Insider Buying and Selling

In other news, CFO David Bernstein sold 153,995 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.37, for a total value of $2,366,903.15. Following the completion of the sale, the chief financial officer now owns 181,981 shares in the company, valued at approximately $2,797,047.97. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.00% of the stock is owned by insiders.

Carnival Co. & 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.