Elo Mutual Pension Insurance Co Decreases Stake in Carnival Co. & plc (NYSE:CCL)

Elo Mutual Pension Insurance Co decreased its holdings in shares of Carnival Co. & plc (NYSE:CCL) by 14.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,629 shares of the company’s stock after selling 13,130 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Carnival Co. & were worth $1,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCL. Richardson Capital Management LLC purchased a new stake in Carnival Co. & during the 1st quarter valued at about $26,000. Family Firm Inc. acquired a new position in shares of Carnival Co. & during the 2nd quarter worth approximately $26,000. Hantz Financial Services Inc. purchased a new stake in shares of Carnival Co. & in the second quarter valued at approximately $30,000. ICA Group Wealth Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter valued at approximately $31,000. Finally, BNP Paribas purchased a new position in Carnival Co. & during the first quarter worth approximately $32,000. 67.19% of the stock is owned by hedge funds and other institutional investors.

Carnival Co. & Price Performance

CCL stock opened at $19.00 on Friday. The business’s fifty day moving average price is $16.59 and its 200 day moving average price is $16.14. Carnival Co. & plc has a 12-month low of $10.84 and a 12-month high of $19.74. The company has a current ratio of 0.28, a quick ratio of 0.24 and a debt-to-equity ratio of 3.99. The company has a market capitalization of $21.33 billion, a PE ratio of 29.23 and a beta of 2.68.

Carnival Co. & (NYSE:CCL) last issued its quarterly earnings results 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 analyst estimates of $5.68 billion. During the same period in the prior year, the firm earned ($0.31) earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Carnival Co. & plc will post 1.19 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CCL. JPMorgan Chase & Co. upped their target price on Carnival Co. & from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $25.00 to $27.00 and gave the company a “buy” rating in a report on Friday. Argus lifted their target price on shares of Carnival Co. & from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Morgan Stanley increased their price target on shares of Carnival Co. & from $13.50 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Finally, Bank of America raised their price target on shares of Carnival Co. & from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.63.

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.