Carnival Co. & plc (NYSE:CCL) Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN lifted its holdings in Carnival Co. & plc (NYSE:CCL - Free Report) by 103.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 310,142 shares of the company's stock after acquiring an additional 157,695 shares during the quarter. OLD National Bancorp IN's holdings in Carnival Co. & were worth $6,057,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Measured Risk Portfolios Inc. acquired a new stake in shares of Carnival Co. & in the fourth quarter worth $29,000. Orion Capital Management LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter worth $30,000. Millstone Evans Group LLC acquired a new stake in shares of Carnival Co. & in the fourth quarter worth $34,000. 1620 Investment Advisors Inc. acquired a new stake in Carnival Co. & during the fourth quarter valued at $42,000. Finally, Ossiam acquired a new stake in Carnival Co. & during the fourth quarter valued at $46,000. Institutional investors and hedge funds own 67.19% of the company's stock.

Analyst Ratings Changes

CCL has been the topic of several analyst reports. Northcoast Research initiated coverage on shares of Carnival Co. & in a research report on Friday, April 25th. They set a "neutral" rating on the stock. William Blair restated an "outperform" rating on shares of Carnival Co. & in a research report on Monday, March 10th. Morgan Stanley upgraded shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Mizuho raised their price target on shares of Carnival Co. & from $32.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, March 24th. Finally, Macquarie dropped their price target on shares of Carnival Co. & from $31.00 to $26.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $26.47.

Carnival Co. & Stock Performance

NYSE:CCL opened at $24.31 on Monday. The company's 50-day moving average price is $20.29 and its 200-day moving average price is $22.95. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. The company has a market cap of $28.36 billion, a P/E ratio of 17.49, a P/E/G ratio of 0.73 and a beta of 2.58. Carnival Co. & plc has a twelve month low of $13.78 and a twelve month high of $28.72.

Carnival Co. & (NYSE:CCL - Get Free Report) last posted its quarterly earnings results on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.74 billion. Carnival Co. & had a net margin of 7.66% and a return on equity of 24.13%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm posted ($0.14) earnings per share. On average, sell-side analysts forecast that Carnival Co. & plc will post 1.77 earnings per share for the current fiscal year.

About Carnival Co. &

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.

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