296,185 Shares in Carnival Co. & plc (NYSE:CCL) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 296,185 shares of the company's stock, valued at approximately $7,388,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC boosted its holdings in shares of Carnival Co. & by 275.8% during the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after purchasing an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC purchased a new stake in Carnival Co. & in the 4th quarter valued at about $34,000. Millstone Evans Group LLC acquired a new position in shares of Carnival Co. & during the 4th quarter valued at about $34,000. 1620 Investment Advisors Inc. purchased a new position in shares of Carnival Co. & during the 4th quarter worth about $42,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Carnival Co. & in the third quarter worth approximately $46,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Stock Up 0.5 %

CCL traded up $0.10 on Friday, reaching $17.70. The company's stock had a trading volume of 18,733,314 shares, compared to its average volume of 26,413,808. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The business's 50 day moving average is $21.74 and its 200 day moving average is $23.16. 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 stock has a market cap of $20.64 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 0.73 and a beta of 2.42.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) earnings per share. As a group, research analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CCL. Citigroup dropped their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, March 24th. Tigress Financial reaffirmed a "buy" rating on shares of Carnival Co. & in a research report on Wednesday, March 26th. Stifel Nicolaus boosted their price target on Carnival Co. & from $30.00 to $31.00 and gave the company a "buy" rating in a research report on Monday, March 24th. StockNews.com downgraded Carnival Co. & from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Finally, Loop Capital reduced their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Monday, March 24th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Carnival Co. & currently has a consensus rating of "Moderate Buy" and an average target price of $26.84.

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.