Royal London Asset Management Ltd. Raises Holdings in Carnival Co. & plc (NYSE:CCL)

Royal London Asset Management Ltd. boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 83.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 586,195 shares of the company’s stock after acquiring an additional 267,278 shares during the quarter. Royal London Asset Management Ltd. owned 0.05% of Carnival Co. & worth $10,974,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Carnival Co. & by 0.5% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Carnival Co. & by 19.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,123,585 shares of the company’s stock worth $95,001,000 after acquiring an additional 844,014 shares during the period. Earnest Partners LLC boosted its stake in shares of Carnival Co. & by 12.5% during the 1st quarter. Earnest Partners LLC now owns 4,567,402 shares of the company’s stock worth $74,631,000 after acquiring an additional 507,045 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Carnival Co. & by 210.1% during the 4th quarter. Point72 Asset Management L.P. now owns 3,894,286 shares of the company’s stock valued at $72,200,000 after acquiring an additional 2,638,564 shares during the period. Finally, Aequim Alternative Investments LP increased its stake in shares of Carnival Co. & by 19.9% in the 1st quarter. Aequim Alternative Investments LP now owns 3,033,900 shares of the company’s stock valued at $49,574,000 after purchasing an additional 504,000 shares in the last quarter. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Co. & Stock Up 2.3 %

NYSE CCL opened at $16.93 on Friday. The business’s fifty day simple moving average is $16.54 and its 200-day simple moving average is $16.04. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The firm has a market cap of $19.00 billion, a PE ratio of 26.04 and a beta of 2.69. Carnival Co. & plc has a 52 week low of $10.84 and a 52 week high of $19.74.

Carnival Co. & (NYSE:CCL) last posted its earnings results on Tuesday, June 25th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. The company had revenue of $5.78 billion for the quarter, compared to analyst estimates of $5.68 billion. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. Carnival Co. &’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.31) EPS. As a group, equities analysts anticipate that Carnival Co. & plc will post 1.19 earnings per share for the current year.

Analyst Ratings Changes

CCL has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Argus lifted their price target on shares of Carnival Co. & from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Susquehanna restated a “positive” rating and set a $22.00 price objective on shares of Carnival Co. & in a research report on Wednesday, June 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Carnival Co. & from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Finally, Hsbc Global Res raised shares of Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

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.