OLD National Bancorp IN Invests $3.80 Million in Carnival Co. & plc (NYSE:CCL)

OLD National Bancorp IN bought a new position in shares of Carnival Co. & plc (NYSE:CCL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 152,447 shares of the company's stock, valued at approximately $3,799,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its stake in Carnival Co. & by 69.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 38,764 shares of the company's stock worth $726,000 after buying an additional 15,856 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Carnival Co. & by 0.6% during the second quarter. The Manufacturers Life Insurance Company now owns 613,295 shares of the company's stock worth $11,481,000 after acquiring an additional 3,561 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Carnival Co. & by 3.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 53,619 shares of the company's stock valued at $1,004,000 after acquiring an additional 1,585 shares during the period. Quarry LP raised its position in Carnival Co. & by 174.9% in the 2nd quarter. Quarry LP now owns 3,665 shares of the company's stock valued at $69,000 after purchasing an additional 2,332 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in Carnival Co. & by 29.4% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 22,505 shares of the company's stock worth $421,000 after purchasing an additional 5,108 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Down 0.8 %

NYSE CCL traded down $0.24 during trading hours on Friday, reaching $28.25. 4,398,407 shares of the company traded hands, compared to its average volume of 21,205,059. The stock has a market capitalization of $32.89 billion, a PE ratio of 20.36, a PEG ratio of 0.87 and a beta of 2.64. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a 50 day moving average of $25.53 and a two-hundred day moving average of $21.16.

Carnival Co. & (NYSE:CCL - Get Free Report) last released its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping 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 company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the business posted ($0.07) EPS. Carnival Co. &'s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts expect that Carnival Co. & plc will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCL has been the subject of several analyst reports. Tigress Financial upped their price objective on Carnival Co. & from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Bank of America lifted their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. The Goldman Sachs Group lifted their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Mizuho increased their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company increased their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. One equities 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. According to MarketBeat, Carnival Co. & currently has an average rating of "Moderate Buy" and an average target price of $27.24.

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.