4WEALTH Advisors Inc. Acquires New Shares in Carnival Corporation (NYSE:CCL)

4WEALTH Advisors Inc. acquired a new stake in shares of Carnival Corporation (NYSE:CCL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,605 shares of the company's stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Carnival by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after buying an additional 4,458,329 shares in the last quarter. Geode Capital Management LLC grew its holdings in Carnival by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock worth $627,053,000 after buying an additional 1,201,256 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Carnival by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after buying an additional 5,761,489 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Carnival by 4.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock worth $464,747,000 after buying an additional 877,694 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Carnival by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock worth $450,977,000 after buying an additional 2,720,096 shares in the last quarter. Institutional investors own 67.19% of the company's stock.

Carnival Stock Performance

Shares of NYSE CCL traded down $0.72 during trading on Thursday, reaching $30.02. 7,894,163 shares of the stock traded hands, compared to its average volume of 24,563,227. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. Carnival Corporation has a 52-week low of $13.78 and a 52-week high of $31.01. The stock has a market capitalization of $35.04 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 0.66 and a beta of 2.61. The company has a 50-day moving average of $25.75 and a 200-day moving average of $23.32.

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

Wall Street Analyst Weigh In

CCL has been the subject of several recent research reports. Stifel Nicolaus upped their price target on Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Bank of America upped their price target on Carnival from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday. Mizuho boosted their price objective on Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 25th. TD Cowen assumed coverage on Carnival in a research report on Tuesday. They issued a "buy" rating and a $36.00 price objective on the stock. Finally, Barclays boosted their price objective on Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Carnival presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.06.

Carnival 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.