Gulf International Bank UK Ltd Has $1.97 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Gulf International Bank UK Ltd reduced its stake in shares of Carnival Co. & plc (NYSE:CCL) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,885 shares of the company’s stock after selling 549 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Carnival Co. & were worth $1,965,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CCL. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Carnival Co. & by 42.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,774 shares of the company’s stock worth $1,275,000 after purchasing an additional 20,456 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Carnival Co. & by 18.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 271,586 shares of the company’s stock valued at $5,001,000 after buying an additional 42,631 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Carnival Co. & by 3.7% in the third quarter. Nisa Investment Advisors LLC now owns 174,265 shares of the company’s stock valued at $3,220,000 after buying an additional 6,150 shares in the last quarter. abrdn plc boosted its stake in Carnival Co. & by 0.5% in the third quarter. abrdn plc now owns 223,518 shares of the company’s stock valued at $4,013,000 after buying an additional 1,114 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Carnival Co. & by 3.6% in the third quarter. New York State Teachers Retirement System now owns 919,854 shares of the company’s stock valued at $16,999,000 after buying an additional 31,925 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Price Performance

Shares of CCL opened at $23.93 on Friday. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company has a market capitalization of $27.86 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. The business has a 50-day moving average of $25.45 and a 200-day moving average of $22.45.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings data on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period last year, the company earned ($0.07) earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CCL shares. Wells Fargo & Company raised their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Truist Financial raised their price objective on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Stifel Nicolaus raised their price objective on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Morgan Stanley raised their price objective on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday, November 26th. They set a “market perform” rating and a $26.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.11.

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.