Deutsche Bank AG Boosts Stake in Carnival Co. & plc (NYSE:CCL)

Deutsche Bank AG increased its stake in shares of Carnival Co. & plc (NYSE:CCL - Free Report) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,372,896 shares of the company's stock after purchasing an additional 467,299 shares during the quarter. Deutsche Bank AG owned approximately 0.29% of Carnival Co. & worth $84,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCL. Hartford Investment Management Co. lifted its stake in Carnival Co. & by 0.6% during the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after purchasing an additional 387 shares in the last quarter. Prestige Wealth Management Group LLC increased its position in shares of Carnival Co. & by 23.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock worth $54,000 after acquiring an additional 408 shares during the period. Avidian Wealth Enterprises LLC increased 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 buying an additional 468 shares during the last quarter. Sound View Wealth Advisors Group LLC increased its holdings in Carnival Co. & by 3.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after buying an additional 475 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in Carnival Co. & by 1.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,108 shares of the company's stock valued at $1,224,000 after buying an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CCL. Mizuho increased their target price on Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, March 24th. StockNews.com raised Carnival Co. & from a "hold" rating to a "buy" rating in a report on Wednesday. William Blair reaffirmed an "outperform" rating on shares of Carnival Co. & in a report on Monday, March 10th. Loop Capital dropped their price objective on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Finally, BNP Paribas started coverage on Carnival Co. & in a report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price objective on the stock. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.83.

Carnival Co. & Stock Performance

Shares of NYSE:CCL remained flat at $22.99 during trading on Thursday. The stock had a trading volume of 25,826,253 shares, compared to its average volume of 26,249,386. The company has a 50-day simple moving average of $19.29 and a two-hundred day simple moving average of $23.01. The company has a market capitalization of $26.82 billion, a P/E ratio of 16.54, a PEG ratio of 0.73 and a beta of 2.50. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.25 and a current ratio of 0.29. Carnival Co. & plc has a fifty-two week low of $13.78 and a fifty-two week high of $28.72.

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

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.