Swedbank AB Has $4.62 Million Stock Position in Carnival Co. & plc (NYSE:CCL)

Swedbank AB boosted its stake in shares of Carnival Co. & plc (NYSE:CCL) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 250,235 shares of the company’s stock after purchasing an additional 13,137 shares during the period. Swedbank AB’s holdings in Carnival Co. & were worth $4,624,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Family Firm Inc. bought a new position in shares of Carnival Co. & in the second quarter valued at $26,000. Hantz Financial Services Inc. acquired a new stake in Carnival Co. & in the second quarter valued at $30,000. Richardson Capital Management LLC acquired a new position in shares of Carnival Co. & during the 1st quarter worth about $26,000. CVA Family Office LLC raised its holdings 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 period. Finally, BNP Paribas acquired a new stake in Carnival Co. & in the 1st quarter valued at about $32,000. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Mizuho boosted their price target on Carnival Co. & from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft raised their price target on Carnival Co. & from $18.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, June 26th. Tigress Financial increased their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. lifted their target price on shares of Carnival Co. & from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Finally, Citigroup increased their price target on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.53.

Carnival Co. & Trading Down 0.4 %

CCL opened at $21.32 on Friday. The company has a 50-day simple moving average of $17.58 and a 200 day simple moving average of $16.54. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 32.79 and a beta of 2.69. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 3.10. Carnival Co. & plc has a twelve month low of $10.84 and a twelve month high of $21.80.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings data on Monday, September 30th. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.17 by $0.10. The business had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.82 billion. Carnival Co. & had a net margin of 6.39% and a return on equity of 22.30%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. Analysts predict that Carnival Co. & plc will post 1.33 EPS for the current fiscal year.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches.