Korea Investment CORP Buys 293,154 Shares of Carnival Co. & plc (NYSE:CCL)

Korea Investment CORP increased its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,090,909 shares of the company's stock after acquiring an additional 293,154 shares during the period. Korea Investment CORP owned about 0.09% of Carnival Co. & worth $27,185,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Crewe Advisors LLC increased its stake in shares of Carnival Co. & by 275.8% in the fourth quarter. Crewe Advisors LLC now owns 1,210 shares of the company's stock worth $30,000 after acquiring an additional 888 shares during the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of Carnival Co. & in the 4th quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new position in Carnival Co. & in the fourth quarter worth approximately $34,000. 1620 Investment Advisors Inc. acquired a new stake in Carnival Co. & in the fourth quarter valued at approximately $42,000. Finally, Morse Asset Management Inc bought a new stake in Carnival Co. & in the third quarter worth approximately $46,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Carnival Co. & Price Performance

Carnival Co. & stock traded up $0.33 on Wednesday, reaching $19.72. The company's stock had a trading volume of 5,729,206 shares, compared to its average volume of 23,139,281. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72. The company has a market cap of $23.00 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 0.73 and a beta of 2.66. 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 business's fifty day moving average price is $23.54 and its 200 day moving average price is $23.24.

Carnival Co. & (NYSE:CCL - Get Free Report) last announced its earnings results on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.11. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same period in the prior year, the business earned ($0.14) earnings per share. Carnival Co. &'s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts expect that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCL. Tigress Financial reiterated a "buy" rating on shares of Carnival Co. & in a report on Wednesday, March 26th. The Goldman Sachs Group upped their target price on Carnival Co. & from $24.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Morgan Stanley boosted their price objective on shares of Carnival Co. & from $20.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 8th. StockNews.com raised Carnival Co. & from a "hold" rating to a "buy" rating in a research report on Thursday, March 27th. Finally, BNP Paribas assumed coverage on Carnival Co. & in a research report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $26.89.

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.