Carnival Co. & plc (NYSE:CCL) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 22.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,678,566 shares of the company’s stock after buying an additional 303,484 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.14% of Carnival Co. & worth $40,923,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CCL. Vanguard Group Inc. boosted its position in shares of Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after acquiring an additional 4,458,329 shares during the last quarter. State Street Corp raised its stake in Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares during the period. Geode Capital Management LLC boosted its holdings in Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after purchasing an additional 811,692 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Carnival Co. & by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock valued at $155,745,000 after buying an additional 223,195 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Carnival Co. & by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after buying an additional 19,768 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Stock Down 4.5 %

Shares of NYSE CCL opened at $19.85 on Friday. Carnival Co. & plc has a 12-month low of $13.78 and a 12-month high of $28.72. The stock has a market cap of $23.15 billion, a P/E ratio of 14.28, a PEG ratio of 0.73 and a beta of 2.66. 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 business’s fifty day simple moving average is $23.79 and its 200-day simple moving average is $23.16.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data 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 business had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same quarter last year, the business posted ($0.14) EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts predict that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on CCL. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. The Goldman Sachs Group upped their price target on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley raised their price objective on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Citigroup reduced their price objective on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Finally, Truist Financial increased their target price on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.89.

Carnival Co. & Company 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.