1,850 Shares in Carnival Co. & plc (NYSE:CCL) Acquired by Mizuho Bank Ltd.

Mizuho Bank Ltd. bought a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,850 shares of the company’s stock, valued at approximately $46,000.

Several other institutional investors have also added to or reduced their stakes in the business. Hartford Investment Management Co. lifted its stake in Carnival Co. & by 0.6% during the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after acquiring an additional 387 shares during the period. Prestige Wealth Management Group LLC grew its stake in shares of Carnival Co. & by 23.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock worth $54,000 after acquiring an additional 408 shares during the period. Avidian Wealth Enterprises LLC raised its holdings in shares of Carnival Co. & by 4.6% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after purchasing an additional 468 shares during the last quarter. Sound View Wealth Advisors Group LLC lifted its position in Carnival Co. & by 3.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock valued at $372,000 after purchasing an additional 475 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after purchasing an additional 521 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

NYSE:CCL opened at $16.49 on Friday. The business’s 50-day simple moving average is $23.09 and its two-hundred day simple moving average is $23.16. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The stock has a market cap of $19.24 billion, a PE ratio of 11.86, a P/E/G ratio of 0.73 and a beta of 2.42. 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. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the company earned ($0.14) EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CCL. BNP Paribas started coverage on shares of Carnival Co. & in a research note on Thursday, March 27th. They set an “outperform” rating and a $26.00 target price for the company. Citigroup reduced their price objective on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Stifel Nicolaus raised their target price on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Truist Financial boosted their price target on Carnival Co. & from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company increased their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.89.

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.