Mediolanum International Funds Ltd Acquires Shares of 19,070 Carnival Co. & plc (NYSE:CCL)

Mediolanum International Funds Ltd purchased a new position in Carnival Co. & plc (NYSE:CCL) during the fourth quarter, HoldingsChannel reports. The firm purchased 19,070 shares of the company’s stock, valued at approximately $477,000.

Other hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Carnival Co. & during the 3rd quarter worth about $25,000. Assetmark Inc. lifted its position in shares of Carnival Co. & by 1,431.5% during the third quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock valued at $31,000 after buying an additional 1,546 shares during the last quarter. CVA Family Office LLC raised its position in shares of Carnival Co. & by 163.9% in the 3rd quarter. CVA Family Office LLC now owns 1,940 shares of the company’s stock valued at $36,000 after purchasing an additional 1,205 shares during the last quarter. Crews Bank & Trust purchased a new position in shares of Carnival Co. & in the 4th quarter valued at approximately $50,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of Carnival Co. & in the 4th quarter valued at approximately $52,000. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 8th. Tigress Financial lifted their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, October 7th. The Goldman Sachs Group lifted their price target on shares of Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. 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. Finally, Mizuho raised 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Carnival Co. & has a consensus rating of “Moderate Buy” and an average target price of $27.24.

Carnival Co. & Stock Performance

NYSE CCL opened at $27.66 on Monday. The company has a market cap of $32.20 billion, a P/E ratio of 19.90, a P/E/G ratio of 0.87 and a beta of 2.64. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. The stock has a 50-day moving average of $25.58 and a two-hundred day moving average of $21.23. Carnival Co. & plc has a 1-year low of $13.78 and a 1-year high of $28.72.

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. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. As a group, analysts anticipate that Carnival Co. & plc will post 1.76 EPS for the current year.

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.