Carnival Co. & plc (NYSE:CCL) Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,492 shares of the company’s stock after purchasing an additional 868 shares during the period. Fifth Third Bancorp’s holdings in Carnival Co. & were worth $1,084,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Empowered Funds LLC increased its holdings in shares of Carnival Co. & by 11.0% in the fourth quarter. Empowered Funds LLC now owns 18,836 shares of the company’s stock valued at $469,000 after purchasing an additional 1,861 shares during the period. Asset Management One Co. Ltd. grew its position in Carnival Co. & by 8.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 400,065 shares of the company’s stock valued at $10,034,000 after buying an additional 30,482 shares during the last quarter. Vontobel Holding Ltd. increased its stake in Carnival Co. & by 128.6% in the 4th quarter. Vontobel Holding Ltd. now owns 60,858 shares of the company’s stock valued at $1,517,000 after buying an additional 34,231 shares during the period. Chevy Chase Trust Holdings LLC raised its position in Carnival Co. & by 0.6% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 545,089 shares of the company’s stock worth $13,584,000 after buying an additional 3,457 shares during the last quarter. Finally, Everhart Financial Group Inc. lifted its stake in shares of Carnival Co. & by 8.9% in the 4th quarter. Everhart Financial Group Inc. now owns 13,026 shares of the company’s stock worth $325,000 after acquiring an additional 1,065 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCL. HSBC upgraded shares of Carnival Co. & from a “reduce” rating to a “hold” rating and set a $24.00 price target on the stock in a research note on Friday, May 16th. Truist Financial dropped their target price on Carnival Co. & from $30.00 to $27.00 and set a “hold” rating on the stock in a research report on Monday, May 19th. Barclays cut their target price on Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Tigress Financial restated a “buy” rating on shares of Carnival Co. & in a research note on Wednesday, March 26th. Finally, Morgan Stanley upgraded Carnival Co. & from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $25.00 to $21.00 in a research report on Thursday, April 10th. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.58.

Carnival Co. & Stock Performance

NYSE CCL opened at $23.83 on Tuesday. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The business has a fifty day moving average of $21.06 and a 200-day moving average of $22.89. The stock has a market cap of $27.80 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 0.73 and a beta of 2.58.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results 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 company had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company earned ($0.14) EPS. As a group, analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

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.