Carnival Corporation (NYSE:CCL) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 10.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,033 shares of the company's stock after acquiring an additional 14,301 shares during the period. Stratos Wealth Partners LTD.'s holdings in Carnival were worth $2,911,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake 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 worth $2,918,022,000 after purchasing an additional 4,458,329 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Carnival by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after buying an additional 1,201,256 shares during the period. Nuveen Asset Management LLC boosted its position 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 acquiring an additional 5,761,489 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake 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 period. Finally, Renaissance Technologies LLC raised its holdings 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 last quarter. Hedge funds and other institutional investors own 67.19% of the company's stock.

Carnival Trading Down 0.1%

NYSE:CCL opened at $28.80 on Thursday. The business's 50-day moving average is $23.97 and its two-hundred day moving average is $23.03. The firm has a market capitalization of $33.62 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.64 and a beta of 2.61. Carnival Corporation has a 12 month low of $13.78 and a 12 month high of $30.46. 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 (NYSE:CCL - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. The firm had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.20 billion. Carnival had a return on equity of 27.88% and a net margin of 9.72%. Carnival's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 EPS. Research analysts predict that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CCL. Mizuho raised their price objective on Carnival from $33.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, June 25th. Macquarie decreased their price target on Carnival from $31.00 to $26.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Morgan Stanley lifted their price target on Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, June 26th. Stifel Nicolaus increased their price objective on shares of Carnival from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Susquehanna boosted their target price on shares of Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $28.65.

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.

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