Carnival Co. & plc (NYSE:CCL) Shares Acquired by Korea Investment CORP

Korea Investment CORP lifted its stake in Carnival Co. & plc (NYSE:CCL) by 36.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,090,909 shares of the company’s stock after purchasing an additional 293,154 shares during the period. Korea Investment CORP owned approximately 0.09% of Carnival Co. & worth $27,185,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Anthracite Investment Company Inc. purchased a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $2,525,000. Ausdal Financial Partners Inc. acquired a new position in shares of Carnival Co. & during the 4th quarter worth $210,000. Long Corridor Asset Management Ltd purchased a new stake in shares of Carnival Co. & in the 4th quarter worth about $4,361,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in Carnival Co. & by 8.1% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 504,117 shares of the company’s stock valued at $12,563,000 after acquiring an additional 37,827 shares during the last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings in Carnival Co. & by 23.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company’s stock valued at $54,000 after acquiring an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

NYSE CCL opened at $19.85 on Friday. The business’s 50-day simple moving average is $23.79 and its 200-day simple moving average is $23.11. The firm has a market capitalization of $23.10 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company 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 firm earned ($0.14) earnings per share. Carnival Co. &’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts predict that Carnival Co. & plc will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CCL shares. William Blair reiterated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Mizuho raised their price target on Carnival Co. & from $32.00 to $33.00 and gave the stock an “outperform” rating in a research report on Monday, March 24th. The Goldman Sachs Group upped their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Tigress Financial reiterated a “buy” rating on shares of Carnival Co. & in a research report on Wednesday. Finally, Citigroup reduced their target price on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.