Swiss National Bank Reduces Stake in Carnival Co. & plc (NYSE:CCL)

Swiss National Bank decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,934,400 shares of the company’s stock after selling 63,700 shares during the quarter. Swiss National Bank’s holdings in Carnival Co. & were worth $73,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Crewe Advisors LLC lifted its position in shares of Carnival Co. & by 275.8% during the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company’s stock worth $30,000 after buying an additional 888 shares during the last quarter. Assetmark Inc. raised its stake in Carnival Co. & by 1,431.5% during the 3rd quarter. Assetmark Inc. now owns 1,654 shares of the company’s stock worth $31,000 after acquiring an additional 1,546 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in Carnival Co. & in the fourth quarter valued at $34,000. Morse Asset Management Inc purchased a new position in shares of Carnival Co. & during the third quarter worth about $46,000. Finally, Crews Bank & Trust acquired a new stake in shares of Carnival Co. & during the fourth quarter worth about $50,000. 67.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CCL. Morgan Stanley raised their price target on Carnival Co. & from $20.00 to $22.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 8th. Mizuho raised their target price on shares of Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Citigroup upped their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. William Blair reissued an “outperform” rating on shares of Carnival Co. & in a research report on Monday, March 10th. Finally, The Goldman Sachs Group lifted their price objective 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. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.89.

Carnival Co. & Trading Up 4.2 %

Shares of CCL stock opened at $19.93 on Friday. 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. The business’s fifty day moving average price is $24.52 and its 200 day moving average price is $22.84. The firm has a market capitalization of $23.20 billion, a PE ratio of 14.33, a P/E/G ratio of 0.73 and a beta of 2.66.

Carnival Co. & (NYSE:CCL) last announced its quarterly earnings results on Friday, December 20th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The business’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.07) EPS. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.77 EPS for the current fiscal 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.