4WEALTH Advisors Inc. Makes New $227,000 Investment in Carnival Corporation (NYSE:CCL)

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

Several other institutional investors have also recently added to or reduced their stakes in CCL. Vanguard Group Inc. increased its position in shares of Carnival by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Carnival by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after purchasing an additional 1,201,256 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of Carnival by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after acquiring an additional 5,761,489 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Carnival by 4.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock worth $464,747,000 after acquiring an additional 877,694 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Carnival by 17.7% in the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after acquiring an additional 2,720,096 shares during the period. 67.19% of the stock is owned by institutional investors and hedge funds.

Carnival Stock Performance

NYSE CCL traded up $0.14 on Tuesday, hitting $29.93. 12,880,989 shares of the company's stock were exchanged, compared to its average volume of 25,049,346. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.34 and a quick ratio of 0.30. The firm's 50-day moving average price is $25.30 and its two-hundred day moving average price is $23.18. Carnival Corporation has a fifty-two week low of $13.78 and a fifty-two week high of $30.46. The firm has a market cap of $34.93 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 0.65 and a beta of 2.61.

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

Analyst Ratings Changes

A number of equities analysts have commented on CCL shares. Citigroup lifted their price target on Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Susquehanna upped their price target on Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Hsbc Global Res raised Carnival from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. TD Cowen began coverage on Carnival in a research note on Tuesday. They issued a "buy" rating and a $36.00 price objective on the stock. Finally, BNP Paribas assumed coverage on Carnival in a research note on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Carnival has an average rating of "Moderate Buy" and a consensus price target of $29.67.

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.