Mediolanum International Funds Ltd Purchases New Holdings in Carnival Co. & plc (NYSE:CCL)

Mediolanum International Funds Ltd purchased a new stake in Carnival Co. & plc (NYSE:CCL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,070 shares of the company’s stock, valued at approximately $477,000.

A number of other large investors also recently bought and sold shares of CCL. Encompass Wealth Advisors LLC increased its stake in shares of Carnival Co. & by 2.9% in the third quarter. Encompass Wealth Advisors LLC now owns 16,079 shares of the company’s stock worth $297,000 after purchasing an additional 451 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in Carnival Co. & by 1.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company’s stock valued at $1,224,000 after purchasing an additional 521 shares in the last quarter. Graypoint LLC boosted its holdings in Carnival Co. & by 5.3% during the fourth quarter. Graypoint LLC now owns 11,074 shares of the company’s stock valued at $276,000 after purchasing an additional 560 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Carnival Co. & by 5.1% in the 4th quarter. UMB Bank n.a. now owns 11,615 shares of the company’s stock worth $289,000 after acquiring an additional 561 shares in the last quarter. Finally, RFG Advisory LLC boosted its holdings in shares of Carnival Co. & by 5.8% in the 4th quarter. RFG Advisory LLC now owns 10,803 shares of the company’s stock worth $269,000 after acquiring an additional 591 shares in the last quarter. Institutional investors own 67.19% of the company’s stock.

Carnival Co. & Stock Performance

NYSE CCL opened at $27.66 on Monday. The company’s 50 day simple moving average is $25.58 and its two-hundred day simple moving average is $21.23. 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 stock has a market capitalization of $32.20 billion, a PE ratio of 19.90, a P/E/G ratio of 0.87 and a beta of 2.64. Carnival Co. & plc has a 1 year low of $13.78 and a 1 year high of $28.72.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) EPS. Analysts predict that Carnival Co. & plc will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on CCL. Bank of America upped their price objective on Carnival Co. & from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Tigress Financial upped their price objective on shares of Carnival Co. & from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Morgan Stanley upped their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein started coverage on shares of Carnival Co. & in a research note on Tuesday, November 26th. They issued a “market perform” rating and a $26.00 target price for the company. Finally, Wells Fargo & Company increased their price objective on shares of Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Carnival Co. & presently has a consensus rating of “Moderate Buy” and an average price target of $27.24.

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.