Ethic Inc. Takes Position in Carnival Co. & plc (NYSE:CCL)

Ethic Inc. acquired a new stake in Carnival Co. & plc (NYSE:CCL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 23,687 shares of the company's stock, valued at approximately $590,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hartford Investment Management Co. lifted its stake in Carnival Co. & by 0.6% in the fourth quarter. Hartford Investment Management Co. now owns 64,231 shares of the company's stock worth $1,601,000 after acquiring an additional 387 shares during the period. Prestige Wealth Management Group LLC raised its stake in shares of Carnival Co. & by 23.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 2,173 shares of the company's stock worth $54,000 after buying an additional 408 shares during the period. Avidian Wealth Enterprises LLC raised its stake in Carnival Co. & by 4.6% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 10,698 shares of the company's stock valued at $267,000 after purchasing an additional 468 shares during the period. Sound View Wealth Advisors Group LLC raised its stake in Carnival Co. & by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 14,917 shares of the company's stock valued at $372,000 after purchasing an additional 475 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its holdings in Carnival Co. & by 1.1% during the 4th 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 in the last quarter. 67.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CCL. Barclays lowered their target price on Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Loop Capital lowered their target price on Carnival Co. & from $25.00 to $21.00 and set a "hold" rating on the stock in a research note on Monday, March 24th. Morgan Stanley upgraded Carnival Co. & from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $25.00 to $21.00 in a research report on Thursday, April 10th. HSBC upgraded Carnival Co. & from a "reduce" rating to a "hold" rating and set a $24.00 price target on the stock in a research report on Friday. Finally, StockNews.com raised Carnival Co. & from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Carnival Co. & currently has an average rating of "Moderate Buy" and an average target price of $26.53.

Carnival Co. & Trading Down 0.0%

CCL traded down $0.01 during trading on Monday, reaching $23.38. 19,177,046 shares of the company's stock were exchanged, compared to its average volume of 26,156,959. Carnival Co. & plc has a one year low of $13.78 and a one year high of $28.72. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $27.28 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 0.73 and a beta of 2.50. The firm has a fifty day moving average price of $19.45 and a two-hundred day moving average price of $23.04.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $5.74 billion. During the same period in the prior year, the company posted ($0.14) earnings per share. Carnival Co. &'s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast 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.