28,042 Shares in Carnival Co. & plc (NYSE:CCL) Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC acquired a new stake in shares of Carnival Co. & plc (NYSE:CCL) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,042 shares of the company’s stock, valued at approximately $458,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its holdings in shares of Carnival Co. & by 4.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 15,248 shares of the company’s stock worth $209,000 after buying an additional 601 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Carnival Co. & by 10.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,341 shares of the company’s stock worth $136,000 after acquiring an additional 689 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Carnival Co. & by 7.5% in the 1st quarter. GAMMA Investing LLC now owns 10,356 shares of the company’s stock valued at $169,000 after purchasing an additional 726 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Carnival Co. & by 67.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,838 shares of the company’s stock valued at $34,000 after purchasing an additional 739 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in Carnival Co. & by 66.7% during the 4th quarter. 1832 Asset Management L.P. now owns 2,000 shares of the company’s stock worth $37,000 after purchasing an additional 800 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on CCL shares. William Blair reaffirmed an “outperform” rating on shares of Carnival Co. & in a research note on Monday, April 22nd. JPMorgan Chase & Co. upped their target price on Carnival Co. & from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Bank of America lifted their price target on Carnival Co. & from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday. Macquarie upped their price objective on Carnival Co. & from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, UBS Group lifted their target price on shares of Carnival Co. & from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Carnival Co. & Stock Up 0.6 %

Shares of NYSE CCL opened at $18.72 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.28 and a debt-to-equity ratio of 3.99. The firm has a market cap of $21.01 billion, a PE ratio of 28.80 and a beta of 2.57. The company’s fifty day simple moving average is $15.64 and its 200 day simple moving average is $16.13. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74.

Carnival Co. & (NYSE:CCL) last released its quarterly earnings data on Tuesday, June 25th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Carnival Co. & had a net margin of 3.86% and a return on equity of 15.22%. The company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.68 billion. During the same quarter in the prior year, the firm earned ($0.31) EPS. The business’s revenue was up 17.7% on a year-over-year basis. As a group, sell-side analysts forecast that Carnival Co. & plc will post 1.19 earnings per share for the current fiscal year.

Carnival Co. & Company Profile

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.