Achmea Investment Management B.V. Increases Holdings in Carnival Corporation (NYSE:CCL)

Achmea Investment Management B.V. boosted its stake in Carnival Corporation (NYSE:CCL - Free Report) by 44.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 467,380 shares of the company's stock after buying an additional 144,500 shares during the quarter. Achmea Investment Management B.V.'s holdings in Carnival were worth $9,128,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CCL. Wealthspire Advisors LLC purchased a new position in shares of Carnival in the fourth quarter valued at approximately $277,000. IFP Advisors Inc raised its position in shares of Carnival by 26.3% in the fourth quarter. IFP Advisors Inc now owns 7,599 shares of the company's stock valued at $189,000 after buying an additional 1,580 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Carnival by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 5,841,543 shares of the company's stock worth $145,571,000 after buying an additional 19,768 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in Carnival by 3.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 89,023 shares of the company's stock worth $2,218,000 after acquiring an additional 2,620 shares during the last quarter. Finally, New York Life Investment Management LLC grew its stake in Carnival by 3.5% during the 4th quarter. New York Life Investment Management LLC now owns 139,925 shares of the company's stock valued at $3,487,000 after acquiring an additional 4,797 shares in the last quarter. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Carnival Stock Up 1.9%

Shares of CCL traded up $0.54 during mid-day trading on Tuesday, hitting $28.66. 34,967,916 shares of the company's stock were exchanged, compared to its average volume of 25,246,304. The stock's 50-day moving average is $22.46 and its 200-day moving average is $22.81. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.30 and a current ratio of 0.34. Carnival Corporation has a fifty-two week low of $13.78 and a fifty-two week high of $28.82. The company has a market cap of $33.46 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 0.60 and a beta of 2.58.

Carnival (NYSE:CCL - Get Free Report) last released its earnings results 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 firm had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same period last year, the business posted $0.11 earnings per share. Carnival's revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Susquehanna raised their target price on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. BNP Paribas started coverage on Carnival in a research report on Thursday, March 27th. They set an "outperform" rating and a $26.00 price objective on the stock. Stifel Nicolaus upped their target price on Carnival from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Macquarie reduced their price target on Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, HSBC raised shares of Carnival from a "reduce" rating to a "hold" rating and set a $24.00 price objective for the company in a report on Friday, May 16th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Carnival has a consensus rating of "Moderate Buy" and an average price target of $28.53.

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.