Daiwa Securities Group Inc. Boosts Stock Holdings in Carnival Co. & plc (NYSE:CCL)

Daiwa Securities Group Inc. grew its position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 47.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,971 shares of the company's stock after buying an additional 67,382 shares during the period. Daiwa Securities Group Inc.'s holdings in Carnival Co. & were worth $3,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Carnival Co. & during the second quarter worth about $466,838,000. Marshall Wace LLP boosted its position in shares of Carnival Co. & by 510.5% during the 2nd quarter. Marshall Wace LLP now owns 10,331,092 shares of the company's stock worth $193,398,000 after acquiring an additional 8,638,865 shares in the last quarter. Mizuho Securities USA LLC boosted its position in shares of Carnival Co. & by 8,431.1% during the 3rd quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company's stock worth $122,781,000 after acquiring an additional 6,566,120 shares in the last quarter. Renaissance Technologies LLC raised its position in Carnival Co. & by 43.6% during the second quarter. Renaissance Technologies LLC now owns 9,585,200 shares of the company's stock valued at $179,435,000 after purchasing an additional 2,911,100 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Carnival Co. & by 2,400.1% during the third quarter. International Assets Investment Management LLC now owns 3,010,189 shares of the company's stock worth $556,280,000 after purchasing an additional 2,889,785 shares during the last quarter. Institutional investors and hedge funds own 67.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CCL. Citigroup upped their price objective on Carnival Co. & from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Hsbc Global Res upgraded shares of Carnival Co. & to a "moderate sell" rating in a research note on Tuesday, September 3rd. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the stock a "buy" rating in a research report on Friday, September 20th. Barclays raised their target price on shares of Carnival Co. & from $25.00 to $26.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Finally, Sanford C. Bernstein started coverage on Carnival Co. & in a research note on Tuesday. They issued a "market perform" rating and a $26.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & currently has a consensus rating of "Moderate Buy" and an average price target of $23.91.

Carnival Co. & Trading Up 0.6 %

CCL opened at $25.35 on Wednesday. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $25.80. The firm has a market capitalization of $29.26 billion, a PE ratio of 22.63 and a beta of 2.66. The company has a debt-to-equity ratio of 3.10, a current ratio of 0.30 and a quick ratio of 0.26. The company's 50-day moving average is $21.44 and its 200 day moving average is $18.20.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Monday, September 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $7.90 billion for the quarter, compared to analysts' expectations of $7.82 billion. Carnival Co. & had a return on equity of 22.30% and a net margin of 6.39%. Carnival Co. &'s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.86 earnings per share. As a group, research analysts predict that Carnival Co. & plc will post 1.33 earnings per share for the current fiscal year.

Insider Activity at Carnival Co. &

In other Carnival Co. & news, Director Sir Jonathon Band sold 17,500 shares of the company's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $21.72, for a total value of $380,100.00. Following the completion of the transaction, the director now owns 65,789 shares in the company, valued at $1,428,937.08. This represents a 21.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.00% of the stock is owned by insiders.

Carnival Co. & Profile

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.