iA Global Asset Management Inc. Trims Holdings in Carnival Co. & plc (NYSE:CCL)

iA Global Asset Management Inc. decreased its stake in Carnival Co. & plc (NYSE:CCL - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,255 shares of the company's stock after selling 23,991 shares during the period. iA Global Asset Management Inc.'s holdings in Carnival Co. & were worth $3,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CCL. State Street Corp boosted its position in shares of 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 purchasing an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company's stock worth $442,515,000 after purchasing an additional 811,692 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 worth $155,745,000 after purchasing an additional 223,195 shares in the last quarter. Bank of New York Mellon Corp grew its position in Carnival Co. & by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company's stock valued at $145,571,000 after purchasing an additional 19,768 shares during the period. Finally, Goldentree Asset Management LP increased its stake in Carnival Co. & by 16.1% during the 3rd quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company's stock valued at $95,037,000 after purchasing an additional 712,469 shares in the last quarter. Institutional investors own 67.19% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, December 23rd. Loop Capital cut their price target on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Monday. Citigroup lowered their price objective on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating for the company in a research note on Monday. Mizuho lifted their target price on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Stifel Nicolaus upped their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.72.

Carnival Co. & Stock Performance

NYSE CCL traded down $0.19 on Tuesday, hitting $21.25. 18,802,590 shares of the stock traded hands, compared to its average volume of 26,318,930. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The business's fifty day moving average is $24.14 and its two-hundred day moving average is $23.07. 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 $24.74 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted 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 in the prior year, the company earned ($0.14) EPS. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

About Carnival Co. &

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.