SBI Securities Co. Ltd. Takes Position in Carnival Co. & plc (NYSE:CCL)

SBI Securities Co. Ltd. acquired a new position in Carnival Co. & plc (NYSE:CCL) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 232,789 shares of the company’s stock, valued at approximately $5,801,000.

Other large investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC increased its position in Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after purchasing an additional 888 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Carnival Co. & during the third quarter worth about $25,000. New Wave Wealth Advisors LLC acquired a new position in shares of Carnival Co. & in the fourth quarter valued at approximately $34,000. Assetmark Inc. lifted its stake in shares of Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares during the period. Finally, Crews Bank & Trust acquired a new stake in Carnival Co. & during the fourth quarter worth approximately $50,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a report on Wednesday, January 8th. Mizuho increased their target price on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Loop Capital initiated coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target for the company. Truist Financial increased their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, Barclays boosted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.11.

Carnival Co. & Price Performance

CCL opened at $23.93 on Friday. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The firm has a market cap of $27.86 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.73 and a beta of 2.64. The company has a fifty day simple moving average of $25.45 and a 200 day simple moving average of $22.50.

Carnival Co. & (NYSE:CCL) last announced its earnings results 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. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. Equities research analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

About Carnival Co. &

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.