Daiwa Securities Group Inc. Has $3.41 Million Stake in Carnival Co. & plc (NYSE:CCL)

Daiwa Securities Group Inc. reduced its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 34.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,758 shares of the company’s stock after selling 73,213 shares during the period. Daiwa Securities Group Inc.’s holdings in Carnival Co. & were worth $3,408,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hartford Investment Management Co. boosted its position in shares of Carnival Co. & by 0.6% during the 4th quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after purchasing an additional 387 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in shares of Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock worth $267,000 after buying an additional 468 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in shares of Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company’s stock worth $372,000 after buying an additional 475 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Carnival Co. & by 1.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock worth $1,224,000 after buying an additional 521 shares during the period. Finally, Graypoint LLC increased its stake in shares of Carnival Co. & by 5.3% in the 4th quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after acquiring an additional 560 shares in the last quarter. 67.19% of the stock is owned by institutional investors.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $19.10 on Friday. Carnival Co. & plc has a 52 week low of $13.78 and a 52 week high of $28.72. The company’s 50 day moving average price is $24.60 and its two-hundred day moving average price is $22.77. The stock has a market cap of $22.23 billion, a P/E ratio of 13.74, a P/E/G ratio of 0.73 and a beta of 2.66. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. Carnival Co. &’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company posted ($0.07) earnings per share. On average, equities analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on CCL. Mizuho raised their price target on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Wells Fargo & Company boosted their target price on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Sanford C. Bernstein started coverage on Carnival Co. & in a report on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 price target on the stock. Citigroup boosted their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Barclays upped their target price on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

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.