Axa S.A. Raises Stake in Carnival Co. & plc (NYSE:CCL)

Axa S.A. lifted its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 178.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,338 shares of the company's stock after purchasing an additional 82,214 shares during the period. Axa S.A.'s holdings in Carnival Co. & were worth $3,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC increased its stake in Carnival Co. & by 275.8% in the 4th quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after buying an additional 888 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of Carnival Co. & during the fourth quarter worth about $34,000. Millstone Evans Group LLC bought a new stake in Carnival Co. & during the 4th quarter valued at approximately $34,000. 1620 Investment Advisors Inc. purchased a new position in Carnival Co. & in the 4th quarter worth approximately $42,000. Finally, Mizuho Bank Ltd. bought a new position in Carnival Co. & in the 4th quarter worth approximately $46,000. 67.19% of the stock is currently owned by institutional investors.

Carnival Co. & Price Performance

Shares of CCL stock opened at $19.70 on Thursday. 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 stock has a 50 day moving average price of $19.30 and a 200 day moving average price of $22.99. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72. The firm has a market capitalization of $22.98 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.73 and a beta of 2.50.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) EPS. As a group, sell-side analysts predict that Carnival Co. & plc will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCL has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus boosted their price target on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a research note on Monday, March 24th. Mizuho raised their price objective on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, March 24th. Citigroup decreased their target price on Carnival Co. & from $31.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Finally, Morgan Stanley upgraded Carnival Co. & from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $25.00 to $21.00 in a report on Thursday, April 10th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.53.

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.

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