Carnival Co. & plc (NYSE:CCL) Stock Holdings Increased by Pitcairn Co.

Pitcairn Co. increased its position in Carnival Co. & plc (NYSE:CCL) by 8.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 12,982 shares of the company’s stock after acquiring an additional 972 shares during the period. Pitcairn Co.’s holdings in Carnival Co. & were worth $212,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Richardson Capital Management LLC acquired a new position in Carnival Co. & in the first quarter worth approximately $26,000. Friedenthal Financial acquired a new position in Carnival Co. & during the fourth quarter valued at approximately $28,000. ICA Group Wealth Management LLC acquired a new position in Carnival Co. & during the fourth quarter valued at approximately $31,000. BNP Paribas acquired a new position in Carnival Co. & during the first quarter valued at approximately $32,000. Finally, YHB Investment Advisors Inc. acquired a new position in Carnival Co. & during the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 67.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CCL shares. Macquarie increased their price target on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. raised their price objective on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup raised their price objective on shares of Carnival Co. & from $18.00 to $22.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Bank of America raised their price objective on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Wells Fargo & Company raised their price objective on shares of Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.11.

Carnival Co. & Trading Up 2.0 %

NYSE CCL opened at $17.45 on Friday. The stock has a market capitalization of $19.59 billion, a price-to-earnings ratio of 26.31 and a beta of 2.68. The stock’s 50 day moving average price is $16.92 and its two-hundred day moving average price is $16.11. The company has a debt-to-equity ratio of 3.99, a quick ratio of 0.24 and a current ratio of 0.28. Carnival Co. & plc has a 52 week low of $10.84 and a 52 week high of $19.74.

Carnival Co. & (NYSE:CCL) last released its earnings results on Tuesday, June 25th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. Carnival Co. & had a return on equity of 15.22% and a net margin of 3.86%. The firm had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. During the same quarter in the previous year, the business posted ($0.31) EPS. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, analysts anticipate that Carnival Co. & plc will post 1.18 earnings per share for the current fiscal year.

About Carnival Co. &

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.