Principal Financial Group Inc. Acquires 35,745 Shares of Carnival Co. & plc (NYSE:CCL)

Principal Financial Group Inc. lifted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,161,417 shares of the company’s stock after purchasing an additional 35,745 shares during the period. Principal Financial Group Inc.’s holdings in Carnival Co. & were worth $21,463,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Empowered Funds LLC grew its stake in shares of Carnival Co. & by 29.4% during the first quarter. Empowered Funds LLC now owns 16,467 shares of the company’s stock valued at $269,000 after buying an additional 3,741 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Carnival Co. & by 21.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,141,038 shares of the company’s stock worth $18,645,000 after acquiring an additional 198,169 shares during the last quarter. Anthracite Investment Company Inc. purchased a new position in Carnival Co. & in the 1st quarter worth approximately $2,202,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in Carnival Co. & by 2.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 565,055 shares of the company’s stock valued at $9,228,000 after purchasing an additional 14,569 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in shares of Carnival Co. & by 53.5% during the first quarter. Edgestream Partners L.P. now owns 303,251 shares of the company’s stock valued at $4,955,000 after purchasing an additional 105,711 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

Shares of Carnival Co. & stock opened at $24.55 on Thursday. The business has a fifty day simple moving average of $19.81 and a two-hundred day simple moving average of $17.48. The firm has a market capitalization of $28.33 billion, a P/E ratio of 21.92 and a beta of 2.66. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a 12 month low of $13.33 and a 12 month high of $24.83.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The business had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Carnival Co. &’s quarterly revenue was up 15.2% on a year-over-year basis. On average, equities analysts forecast that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on CCL shares. Citigroup lifted their target price on shares of Carnival Co. & from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Truist Financial boosted their price objective on shares of Carnival Co. & from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. Bank of America upped their price objective on shares of Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday. Hsbc Global Res raised Carnival Co. & to a “moderate sell” rating in a research note on Tuesday, September 3rd. Finally, Stifel Nicolaus upped their price target on Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.78.

Insider Buying and Selling

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the sale, the director now directly owns 65,789 shares of the company’s stock, valued at approximately $1,428,937.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.00% of the stock is currently owned by company 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.