Personal CFO Solutions LLC Buys Shares of 10,051 Carnival Corporation (NYSE:CCL)

Personal CFO Solutions LLC acquired a new position in shares of Carnival Corporation (NYSE:CCL - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,051 shares of the company's stock, valued at approximately $196,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Assetmark Inc. raised its stake in Carnival by 57.0% in the fourth quarter. Assetmark Inc. now owns 2,596 shares of the company's stock valued at $65,000 after buying an additional 942 shares during the last quarter. Atria Investments Inc purchased a new position in shares of Carnival in the fourth quarter worth about $227,000. Proficio Capital Partners LLC purchased a new position in shares of Carnival in the fourth quarter worth about $3,000,000. Raymond James Financial Inc. purchased a new position in shares of Carnival in the fourth quarter worth about $21,687,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Carnival by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 200,169 shares of the company's stock worth $4,988,000 after purchasing an additional 8,335 shares during the last quarter. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CCL shares. Macquarie reduced their price objective on Carnival from $31.00 to $26.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Bank of America raised their target price on Carnival from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. HSBC raised Carnival from a "reduce" rating to a "hold" rating and set a $24.00 target price on the stock in a report on Friday, May 16th. BNP Paribas began coverage on Carnival in a report on Thursday, March 27th. They set an "outperform" rating and a $26.00 target price on the stock. Finally, Stifel Nicolaus raised their target price on Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Carnival has a consensus rating of "Moderate Buy" and an average price target of $28.65.

Carnival Trading Down 1.5%

Shares of CCL traded down $0.43 during trading hours on Friday, hitting $28.67. The stock had a trading volume of 14,572,616 shares, compared to its average volume of 25,252,227. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. The firm has a market cap of $33.47 billion, a P/E ratio of 15.50, a P/E/G ratio of 0.63 and a beta of 2.61. The company's fifty day simple moving average is $24.36 and its 200 day simple moving average is $23.05. Carnival Corporation has a 12-month low of $13.78 and a 12-month high of $30.46.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.11. The company had revenue of $6.33 billion for the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Equities research analysts forecast that Carnival Corporation will post 1.77 EPS for the current fiscal year.

Carnival 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.