Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 18.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,004 shares of the company's stock after purchasing an additional 19,356 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Carnival Co. & were worth $3,090,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in Carnival Co. & by 1.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 175,943 shares of the company's stock worth $4,384,000 after buying 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 in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in shares of Carnival Co. & during the 3rd quarter valued at $1,140,000. Commonwealth Equity Services LLC raised its holdings in shares of Carnival Co. & by 1.0% during the 3rd 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 in the last quarter. Finally, Wedge Capital Management L L P NC boosted its holdings in Carnival Co. & by 10.1% in the third quarter. Wedge Capital Management L L P NC now owns 264,728 shares of the company's stock worth $4,892,000 after purchasing an additional 24,198 shares in the last quarter. 67.19% of the stock is owned by hedge funds and other institutional investors.
Carnival Co. & Stock Performance
Shares of NYSE:CCL traded down $0.00 during trading on Thursday, hitting $25.89. 14,543,485 shares of the stock were exchanged, compared to its average volume of 19,807,846. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a market capitalization of $30.14 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 0.82 and a beta of 2.64. The company's fifty day simple moving average is $25.74 and its 200-day simple moving average is $21.71. 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 posted its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The business's revenue was up 10.0% compared to the same quarter last year. Sell-side analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have commented on CCL. 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. Wells Fargo & Company increased their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an "overweight" rating in a report on Monday, December 16th. Stifel Nicolaus increased their price target on Carnival Co. & from $32.00 to $34.00 and gave the company a "buy" rating in a report on Monday, December 23rd. Morgan Stanley increased their price target on Carnival Co. & from $20.00 to $22.00 and gave the company an "underweight" rating in a report on Wednesday, January 8th. Finally, Barclays raised their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the company an "overweight" rating in a research note on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $27.11.
Read Our Latest Stock Report on CCL
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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