1620 Investment Advisors Inc. Takes Position in Carnival Co. & plc (NYSE:CCL)

1620 Investment Advisors Inc. purchased a new stake in shares of Carnival Co. & plc (NYSE:CCL) during the 4th quarter, Holdings Channel reports. The fund purchased 1,699 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also made changes to their positions in CCL. State Street Corp increased its holdings in Carnival Co. & by 5.9% in the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after purchasing an additional 2,301,906 shares during the last quarter. Geode Capital Management LLC increased its holdings in Carnival Co. & by 3.5% in the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after purchasing an additional 811,692 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Carnival Co. & by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock valued at $155,745,000 after purchasing an additional 223,195 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Carnival Co. & by 0.3% in the fourth 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 last quarter. Finally, Goldentree Asset Management LP increased its holdings in Carnival Co. & by 16.1% in the third 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 during the last quarter. Institutional investors and hedge funds own 67.19% of the company’s stock.

Carnival Co. & Stock Down 0.9 %

NYSE:CCL opened at $21.02 on Friday. 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 company has a market cap of $24.47 billion, a PE ratio of 15.12, a PEG ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The stock has a 50-day simple moving average of $24.19 and a 200 day simple moving average of $22.94.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, beating 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 firm had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $5.74 billion. During the same period in the prior year, the firm posted ($0.14) earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts expect that Carnival Co. & plc will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCL has been the subject of a number of recent analyst reports. Wells Fargo & Company upped 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 dropped their price objective on Carnival Co. & from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday, March 14th. Mizuho upped their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Loop Capital began coverage on Carnival Co. & in a report on Tuesday, February 4th. They issued a “hold” rating and a $25.00 price target for the company. Finally, Barclays increased their price target on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Carnival Co. & currently has an average rating of “Moderate Buy” and a consensus price target of $26.89.

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.