9,336 Shares in Carnival Co. & plc (NYSE:CCL) Bought by denkapparat Operations GmbH

denkapparat Operations GmbH purchased a new stake in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,336 shares of the company’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CCL. Nomura Asset Management Co. Ltd. grew its position in Carnival Co. & by 5.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 312,641 shares of the company’s stock worth $7,791,000 after buying an additional 17,311 shares in the last quarter. Norges Bank acquired a new stake in shares of Carnival Co. & during the 4th quarter worth approximately $59,486,000. Blair William & Co. IL increased its position in shares of Carnival Co. & by 16.0% during the fourth quarter. Blair William & Co. IL now owns 21,899 shares of the company’s stock valued at $546,000 after purchasing an additional 3,020 shares during the period. NEOS Investment Management LLC raised its stake in shares of Carnival Co. & by 29.8% in the fourth quarter. NEOS Investment Management LLC now owns 64,583 shares of the company’s stock valued at $1,609,000 after purchasing an additional 14,832 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Carnival Co. & by 22.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,678,566 shares of the company’s stock worth $40,923,000 after purchasing an additional 303,484 shares during the period. Institutional investors own 67.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a report on Monday, March 10th. Citigroup dropped their price target on shares of Carnival Co. & from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Wells Fargo & Company raised their price target on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. 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 note on Tuesday, December 10th. Finally, BNP Paribas assumed coverage on Carnival Co. & in a research report on Thursday. They set an “outperform” rating and a $26.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.89.

Carnival Co. & Stock Down 4.5 %

Shares of NYSE:CCL opened at $19.85 on Friday. The company has a 50 day moving average of $23.79 and a 200-day moving average of $23.11. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The stock has a market cap of $23.10 billion, a price-to-earnings 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 current ratio of 0.29 and a quick ratio of 0.25.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the business posted ($0.14) EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share 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.