Carnival Co. & plc (NYSE:CCL) Holdings Raised by ING Groep NV

ING Groep NV grew its position in Carnival Co. & plc (NYSE:CCL) by 161.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 353,402 shares of the company’s stock after acquiring an additional 218,064 shares during the quarter. ING Groep NV’s holdings in Carnival Co. & were worth $8,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in CCL. Sequoia Financial Advisors LLC increased its holdings in shares of Carnival Co. & by 4.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 27,385 shares of the company’s stock valued at $506,000 after acquiring an additional 1,211 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Carnival Co. & by 6.2% in the 3rd quarter. Signaturefd LLC now owns 13,477 shares of the company’s stock valued at $249,000 after acquiring an additional 785 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in Carnival Co. & during the 3rd quarter worth $528,000. Assenagon Asset Management S.A. bought a new position in Carnival Co. & during the 3rd quarter worth $16,472,000. Finally, Dumont & Blake Investment Advisors LLC bought a new position in Carnival Co. & during the 3rd quarter worth $352,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Stock Performance

Shares of CCL stock opened at $23.19 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.29 and a quick ratio of 0.25. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72. The stock’s 50-day moving average is $25.64 and its two-hundred day moving average is $22.13. The firm has a market cap of $26.99 billion, a P/E ratio of 16.68, a PEG ratio of 0.78 and a beta of 2.64.

Carnival Co. & (NYSE:CCL) last issued its earnings results on Friday, December 20th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period in the prior year, the firm posted ($0.07) EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CCL. Wells Fargo & Company upped their price objective on Carnival Co. & from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Stifel Nicolaus upped their price objective on Carnival Co. & from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. The Goldman Sachs Group upped their price objective on Carnival Co. & from $24.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Barclays upped their price objective on Carnival Co. & from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, December 23rd. Finally, Mizuho upped their price objective on Carnival Co. & from $26.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Carnival Co. & presently has an average rating of “Moderate Buy” and a consensus price target of $27.11.

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.