Carnival Co. & plc (NYSE:CCL) Stock Holdings Increased by MML Investors Services LLC

MML Investors Services LLC lifted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 139.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,679 shares of the company’s stock after purchasing an additional 121,045 shares during the quarter. MML Investors Services LLC’s holdings in Carnival Co. & were worth $5,175,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Carnival Co. & by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock worth $2,918,022,000 after acquiring an additional 4,458,329 shares during the period. Geode Capital Management LLC boosted its stake in Carnival Co. & by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock valued at $627,053,000 after purchasing an additional 1,201,256 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Carnival Co. & by 4.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock valued at $464,747,000 after purchasing an additional 877,694 shares during the period. Renaissance Technologies LLC raised its stake in shares of Carnival Co. & by 17.7% in the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company’s stock worth $450,977,000 after buying an additional 2,720,096 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Carnival Co. & by 186.6% in the fourth quarter. FMR LLC now owns 9,898,906 shares of the company’s stock valued at $246,681,000 after buying an additional 6,444,444 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley upgraded shares of Carnival Co. & from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $25.00 to $21.00 in a research report on Thursday, April 10th. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research note on Monday, March 10th. Loop Capital decreased their price target on shares of Carnival Co. & from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Monday, March 24th. Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Finally, StockNews.com cut Carnival Co. & from a “buy” rating to a “hold” rating in a report on Saturday. Seven research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average target price of $26.53.

Carnival Co. & Stock Performance

Shares of NYSE CCL opened at $18.61 on Friday. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The business’s 50-day moving average price is $20.09 and its two-hundred day moving average price is $23.08. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The company has a market capitalization of $21.71 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.14) earnings per share. Analysts anticipate 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.