Hershey Financial Advisers LLC Takes $1.81 Million Position in Carnival Co. & plc (NYSE:CCL)

Hershey Financial Advisers LLC purchased a new position in shares of Carnival Co. & plc (NYSE:CCL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 96,889 shares of the company’s stock, valued at approximately $1,814,000. Carnival Co. & accounts for approximately 1.6% of Hershey Financial Advisers LLC’s portfolio, making the stock its 5th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of CCL. Vanguard Group Inc. grew its holdings in Carnival Co. & by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 113,163,718 shares of the company’s stock valued at $2,098,055,000 after purchasing an additional 559,038 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Carnival Co. & during the 2nd quarter worth $466,838,000. Marshall Wace LLP increased its holdings in Carnival Co. & by 510.5% in the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company’s stock worth $193,398,000 after acquiring an additional 8,638,865 shares during the last quarter. Renaissance Technologies LLC raised its stake in Carnival Co. & by 43.6% in the 2nd quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company’s stock valued at $179,435,000 after acquiring an additional 2,911,100 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Carnival Co. & by 8.8% during the second quarter. Dimensional Fund Advisors LP now owns 5,846,144 shares of the company’s stock valued at $109,444,000 after purchasing an additional 473,848 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

CCL opened at $18.54 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The stock has a market capitalization of $20.81 billion, a P/E ratio of 28.52 and a beta of 2.68. The stock has a 50-day moving average price of $16.59 and a 200-day moving average price of $16.23. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74.

Analysts Set New Price Targets

CCL has been the topic of several research reports. Citigroup boosted their price target on shares of Carnival Co. & from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft increased their target price on Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, June 26th. Stifel Nicolaus boosted their price objective on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Susquehanna restated a “positive” rating and issued a $22.00 target price on shares of Carnival Co. & in a research note on Wednesday, June 26th. Finally, Truist Financial lifted their target price on Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and an average target price of $22.63.

Carnival Co. & Company 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.