Carnival Co. & plc (NYSE:CCL) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in Carnival Co. & plc (NYSE:CCL) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,841,543 shares of the company’s stock after purchasing an additional 19,768 shares during the period. Bank of New York Mellon Corp owned approximately 0.50% of Carnival Co. & worth $145,571,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in Carnival Co. & by 5.9% during the third quarter. State Street Corp now owns 41,426,562 shares of the company’s stock worth $765,563,000 after acquiring an additional 2,301,906 shares during the period. Geode Capital Management LLC grew its holdings in Carnival Co. & by 3.5% during the third quarter. Geode Capital Management LLC now owns 24,027,160 shares of the company’s stock worth $442,515,000 after acquiring an additional 811,692 shares during the period. Mizuho Securities USA LLC grew its holdings in Carnival Co. & by 8,431.1% during the third quarter. Mizuho Securities USA LLC now owns 6,644,000 shares of the company’s stock worth $122,781,000 after acquiring an additional 6,566,120 shares during the period. Goldentree Asset Management LP grew its holdings in Carnival Co. & by 16.1% during the third quarter. Goldentree Asset Management LP now owns 5,151,458 shares of the company’s stock worth $95,037,000 after acquiring an additional 712,469 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Carnival Co. & by 3.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,924,882 shares of the company’s stock worth $72,532,000 after acquiring an additional 139,761 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCL has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their target price on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Barclays raised their price objective on Carnival Co. & from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, December 23rd. Bank of America raised their price objective on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Stifel Nicolaus raised their price objective on Carnival Co. & from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, December 23rd. One 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Stock Performance

NYSE CCL opened at $23.93 on Friday. The company has a market cap of $27.86 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.73 and a beta of 2.64. The stock’s 50 day simple moving average is $25.45 and its 200-day simple moving average is $22.45. 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 earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the business posted ($0.07) earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Carnival Co. & plc will post 1.77 EPS 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.