Mizuho Securities USA LLC Acquires 32,943 Shares of Carnival Co. & plc (NYSE:CCL)

Mizuho Securities USA LLC lifted its holdings in Carnival Co. & plc (NYSE:CCL) by 50.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,450 shares of the company’s stock after acquiring an additional 32,943 shares during the period. Mizuho Securities USA LLC’s holdings in Carnival Co. & were worth $2,453,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CCL. State Street Corp boosted its holdings in shares of Carnival Co. & by 5.9% in the 3rd quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after purchasing an additional 2,301,906 shares during the period. Los Angeles Capital Management LLC bought a new stake in Carnival Co. & in the fourth quarter worth $53,636,000. Wedge Capital Management L L P NC boosted its stake in Carnival Co. & by 718.2% during the fourth quarter. Wedge Capital Management L L P NC now owns 2,165,952 shares of the company’s stock worth $53,976,000 after buying an additional 1,901,224 shares during the period. Holocene Advisors LP bought a new position in Carnival Co. & during the third quarter valued at $26,806,000. Finally, Verition Fund Management LLC raised its stake in shares of Carnival Co. & by 115.0% in the third quarter. Verition Fund Management LLC now owns 2,404,541 shares of the company’s stock valued at $44,436,000 after acquiring an additional 1,286,054 shares during the period. 67.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CCL shares. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, December 23rd. The Goldman Sachs Group raised their price target on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their target price on 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, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.72.

Carnival Co. & Trading Up 2.5 %

Shares of NYSE:CCL opened at $21.46 on Tuesday. The company has a market capitalization of $24.98 billion, a PE ratio of 15.44, a P/E/G ratio of 0.73 and a beta of 2.66. 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 business’s fifty day simple moving average is $24.14 and its 200-day simple moving average is $23.07.

Carnival Co. & (NYSE:CCL) last announced its earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same period in the previous year, the company posted ($0.14) earnings per share. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Carnival Co. & Company Profile

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.