Corebridge Financial Inc. Grows Holdings in Carnival Co. & plc (NYSE:CCL)

Corebridge Financial Inc. boosted its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 263,168 shares of the company’s stock after purchasing an additional 7,778 shares during the period. Corebridge Financial Inc.’s holdings in Carnival Co. & were worth $6,558,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Carnival Co. & by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock worth $2,918,022,000 after buying an additional 4,458,329 shares during the last quarter. State Street Corp lifted its position in Carnival Co. & by 5.9% during the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after acquiring an additional 2,301,906 shares during the period. Geode Capital Management LLC grew its stake in shares of 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. increased its holdings in shares of Carnival Co. & by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock valued at $155,745,000 after purchasing an additional 223,195 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Carnival Co. & by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company’s stock worth $145,571,000 after purchasing an additional 19,768 shares during the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCL. Mizuho boosted their price objective on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, March 24th. StockNews.com upgraded shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research note on Thursday. Loop Capital reduced their price objective on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Monday, March 24th. The Goldman Sachs Group boosted their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Citigroup cut their target price on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & Stock Down 4.5 %

CCL stock opened at $19.85 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The firm has a market capitalization of $23.10 billion, a PE ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. The company’s 50 day simple moving average is $23.79 and its 200-day simple moving average is $23.11.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter last year, the business posted ($0.14) earnings per share. Carnival Co. &’s revenue was up 7.5% compared to the same quarter last year. Equities analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

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.