Oppenheimer Asset Management Inc. Purchases Shares of 77,117 Carnival Corporation (NYSE:CCL)

Oppenheimer Asset Management Inc. bought a new stake in shares of Carnival Corporation (NYSE:CCL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 77,117 shares of the company's stock, valued at approximately $1,506,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new position in shares of Carnival during the fourth quarter valued at approximately $29,000. Orion Capital Management LLC bought a new stake in shares of Carnival during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new position in Carnival during the 4th quarter valued at $34,000. Dunhill Financial LLC boosted its holdings in Carnival by 1,125.0% during the 1st quarter. Dunhill Financial LLC now owns 1,862 shares of the company's stock valued at $36,000 after acquiring an additional 1,710 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in Carnival in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Carnival from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Hsbc Global Res raised shares of Carnival from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. Northcoast Research started coverage on shares of Carnival in a research note on Friday, April 25th. They issued a "neutral" rating on the stock. William Blair reaffirmed an "outperform" rating on shares of Carnival in a research note on Monday, March 10th. Finally, Barclays increased their price objective on Carnival from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Carnival presently has a consensus rating of "Moderate Buy" and an average target price of $28.53.

Carnival Stock Up 4.4%

CCL stock traded up $1.14 during trading on Friday, reaching $27.31. 46,820,661 shares of the company traded hands, compared to its average volume of 25,179,018. The business has a 50 day simple moving average of $22.24 and a 200 day simple moving average of $22.82. Carnival Corporation has a 12 month low of $13.78 and a 12 month high of $28.72. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.21 and a current ratio of 0.34. The company has a market capitalization of $31.86 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.60 and a beta of 2.58.

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

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.