Asset Management One Co. Ltd. Purchases 30,482 Shares of Carnival Co. & plc (NYSE:CCL)

Asset Management One Co. Ltd. grew its position in Carnival Co. & plc (NYSE:CCL) by 8.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 400,065 shares of the company’s stock after buying an additional 30,482 shares during the period. Asset Management One Co. Ltd.’s holdings in Carnival Co. & were worth $10,034,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CCL. Exchange Traded Concepts LLC raised its position in shares of Carnival Co. & by 499.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 7,072 shares of the company’s stock valued at $131,000 after purchasing an additional 5,892 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Carnival Co. & by 7.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 14,171 shares of the company’s stock valued at $262,000 after purchasing an additional 990 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Carnival Co. & by 1.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 104,648 shares of the company’s stock valued at $1,934,000 after purchasing an additional 1,186 shares during the last quarter. V Square Quantitative Management LLC raised its position in Carnival Co. & by 29.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 17,707 shares of the company’s stock worth $327,000 after buying an additional 4,070 shares during the last quarter. Finally, Net Worth Advisory Group purchased a new position in Carnival Co. & during the 3rd quarter worth approximately $201,000. 67.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCL has been the subject of a number of recent research reports. Barclays raised their price target on shares of Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Citigroup raised their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. 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 report on Monday, December 16th. Stifel Nicolaus raised their price target on shares of Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Bank of America raised their price target on shares of Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.11.

Carnival Co. & Stock Performance

NYSE:CCL opened at $26.20 on Tuesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. The company has a fifty day moving average of $25.72 and a two-hundred day moving average of $21.87. The stock has a market capitalization of $30.50 billion, a PE ratio of 18.85, a P/E/G ratio of 0.82 and a beta of 2.64. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

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

Carnival Co. & Company 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.