DnB Asset Management AS Acquires 9,033 Shares of Carnival Co. & plc (NYSE:CCL)

DnB Asset Management AS lifted its holdings in Carnival Co. & plc (NYSE:CCL) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,843 shares of the company’s stock after acquiring an additional 9,033 shares during the period. DnB Asset Management AS’s holdings in Carnival Co. & were worth $4,606,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Carnival Co. & by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. State Street Corp grew its stake in Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock valued at $765,563,000 after acquiring an additional 2,301,906 shares in the last quarter. Geode Capital Management LLC increased its holdings in Carnival Co. & by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock valued at $442,515,000 after acquiring an additional 811,692 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Carnival Co. & by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company’s stock worth $155,745,000 after purchasing an additional 223,195 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Carnival Co. & by 0.3% during the 4th 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. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Carnival Co. & Price Performance

Shares of CCL stock opened at $19.85 on Monday. The stock has a 50 day moving average price of $23.79 and a 200 day moving average price of $23.20. The firm has a market capitalization of $23.15 billion, a P/E ratio of 14.28, a P/E/G ratio of 0.73 and a beta of 2.66. 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. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same period in the previous year, the firm earned ($0.14) earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

CCL has been the topic of several research reports. Morgan Stanley lifted their target price on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a report on Wednesday, January 8th. Citigroup decreased their price objective on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, March 24th. William Blair restated an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. StockNews.com upgraded shares of Carnival Co. & from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Barclays boosted their target price on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.89.

Carnival Co. & 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.