Carnival Corporation (NYSE:CCL) Holdings Boosted by Deltec Asset Management LLC

Deltec Asset Management LLC raised its stake in shares of Carnival Corporation (NYSE:CCL - Free Report) by 9.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 821,553 shares of the company's stock after purchasing an additional 72,500 shares during the period. Carnival accounts for approximately 3.4% of Deltec Asset Management LLC's holdings, making the stock its 7th biggest position. Deltec Asset Management LLC owned 0.07% of Carnival worth $16,045,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Illinois Municipal Retirement Fund boosted its holdings in shares of Carnival by 153.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock valued at $8,386,000 after purchasing an additional 203,710 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Carnival by 26.6% during the 4th quarter. Private Advisor Group LLC now owns 86,837 shares of the company's stock valued at $2,164,000 after purchasing an additional 18,269 shares during the last quarter. Norges Bank bought a new position in shares of Carnival during the 4th quarter valued at about $59,486,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Carnival by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company's stock valued at $155,745,000 after purchasing an additional 223,195 shares during the last quarter. Finally, Beck Bode LLC bought a new position in shares of Carnival during the 4th quarter valued at about $5,715,000. Institutional investors own 67.19% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCL. Tigress Financial reaffirmed a "buy" rating on shares of Carnival in a report on Wednesday, March 26th. Stifel Nicolaus increased their price target on shares of Carnival from $31.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. BNP Paribas began coverage on shares of Carnival in a report on Thursday, March 27th. They issued an "outperform" rating and a $26.00 price target for the company. Loop Capital increased their price target on shares of Carnival from $21.00 to $22.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. Finally, Barclays reissued an "overweight" rating and issued a $30.00 price objective (up previously from $26.00) on shares of Carnival in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $26.79.

Carnival Trading Up 0.6%

Shares of NYSE:CCL traded up $0.15 during trading on Friday, reaching $23.76. 23,613,035 shares of the company were exchanged, compared to its average volume of 25,395,900. The firm has a market capitalization of $27.72 billion, a PE ratio of 15.84, a P/E/G ratio of 0.55 and a beta of 2.58. The business's fifty day simple moving average is $21.45 and its 200-day simple moving average is $22.86. 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 2.78, a current ratio of 0.26 and a quick ratio of 0.21.

Carnival (NYSE:CCL - Get Free Report) last issued its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.11. The company had revenue of $5.81 billion for the quarter, compared to analyst estimates of $5.74 billion. Carnival had a net margin of 8.07% and a return on equity of 26.53%. Carnival's revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted ($0.14) earnings per share. On average, research analysts anticipate that Carnival Corporation will post 1.77 EPS for the current year.

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.