Mediolanum International Funds Ltd purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 19,070 shares of the company's stock, valued at approximately $477,000.
A number of other hedge funds have also recently modified their holdings of CCL. Nisa Investment Advisors LLC boosted its holdings in Carnival Co. & by 1.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock valued at $4,384,000 after purchasing an additional 1,678 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Carnival Co. & by 72.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,870,760 shares of the company's stock worth $53,052,000 after acquiring an additional 1,204,500 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Carnival Co. & during the third quarter worth $1,140,000. Commonwealth Equity Services LLC raised its position in Carnival Co. & by 1.0% in the third quarter. Commonwealth Equity Services LLC now owns 4,075,201 shares of the company's stock valued at $75,310,000 after purchasing an additional 39,491 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Carnival Co. & by 10.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock valued at $4,892,000 after purchasing an additional 24,198 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.
Carnival Co. & Stock Up 0.5 %
NYSE CCL traded up $0.13 during trading on Wednesday, reaching $27.22. 13,049,054 shares of the company's stock were exchanged, compared to its average volume of 21,214,596. The company has a 50 day moving average price of $25.66 and a two-hundred day moving average price of $21.38. The stock has a market cap of $31.69 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 0.86 and a beta of 2.64. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29.
Carnival Co. & (NYSE:CCL - Get Free Report) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the company posted ($0.07) earnings per share. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. On average, equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
CCL has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their target price on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Loop Capital began coverage on shares of Carnival Co. & in a research report on Tuesday. They set a "hold" rating and a $25.00 price objective for the company. Morgan Stanley boosted their target price on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a research report on Wednesday, January 8th. Stifel Nicolaus raised their price target on Carnival Co. & from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Finally, Sanford C. Bernstein began coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a "market perform" rating and a $26.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.11.
Read Our Latest Stock Report on Carnival Co. &
Carnival Co. & Company Profile
(
Free Report)
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.
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