Vontobel Holding Ltd. Raises Stock Position in Carnival Co. & plc (NYSE:CCL)

Vontobel Holding Ltd. increased its position in shares of Carnival Co. & plc (NYSE:CCL) by 128.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,858 shares of the company’s stock after buying an additional 34,231 shares during the period. Vontobel Holding Ltd.’s holdings in Carnival Co. & were worth $1,517,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. increased its stake in shares of Carnival Co. & by 8.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 400,065 shares of the company’s stock worth $10,034,000 after buying an additional 30,482 shares during the period. Avidian Wealth Enterprises LLC boosted its holdings in Carnival Co. & by 4.6% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company’s stock valued at $267,000 after purchasing an additional 468 shares in the last quarter. Hartford Investment Management Co. boosted its holdings in Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company’s stock valued at $1,601,000 after purchasing an additional 387 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in Carnival Co. & by 121.5% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 26,849 shares of the company’s stock valued at $669,000 after purchasing an additional 14,727 shares in the last quarter. Finally, Fortress Financial Solutions LLC acquired a new position in Carnival Co. & in the fourth quarter valued at approximately $596,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Co. & Trading Up 1.3 %

Shares of CCL stock opened at $26.20 on Tuesday. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock has a market cap of $30.50 billion, a P/E ratio of 18.85, a P/E/G ratio of 0.82 and a beta of 2.64. The business has a fifty day simple moving average of $25.72 and a 200-day simple moving average of $21.87. The company has a quick ratio of 0.25, a current ratio of 0.29 and a debt-to-equity ratio of 2.80.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CCL shares. Bank of America upped their price target on Carnival Co. & from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Citigroup increased their price objective on Carnival Co. & from $30.00 to $31.00 and gave the company a “buy” rating in a report on Monday, December 23rd. The Goldman Sachs Group increased their price objective on Carnival Co. & from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Mizuho increased their price objective on Carnival Co. & from $26.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company increased their price objective on Carnival Co. & from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Carnival Co. & has a consensus rating of “Moderate Buy” and a consensus target price of $27.11.

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.