10,182 Shares in Carnival Corporation (NYSE:CCL) Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI purchased a new stake in Carnival Corporation (NYSE:CCL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,182 shares of the company's stock, valued at approximately $199,000.

Several other large investors have also modified their holdings of the business. FMR LLC raised its stake in shares of Carnival by 186.6% during the 4th quarter. FMR LLC now owns 9,898,906 shares of the company's stock worth $246,681,000 after acquiring an additional 6,444,444 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Carnival by 33.7% during the 4th 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 in the last quarter. Vanguard Group Inc. raised 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 acquiring an additional 4,458,329 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Carnival during the 4th quarter worth approximately $100,845,000. Finally, AQR Capital Management LLC raised its stake in shares of Carnival by 228.8% during the 4th quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock worth $116,857,000 after acquiring an additional 3,263,204 shares in the last quarter. Institutional investors own 67.19% of the company's stock.

Carnival Price Performance

CCL traded up $0.11 during midday trading on Friday, hitting $29.56. 17,141,998 shares of the company traded hands, compared to its average volume of 25,128,432. The business has a 50 day simple moving average of $25.30 and a two-hundred day simple moving average of $23.21. The company has a market capitalization of $34.51 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.65 and a beta of 2.61. The company has a current ratio of 0.34, a quick ratio of 0.30 and a debt-to-equity ratio of 2.58. Carnival Corporation has a 52-week low of $13.78 and a 52-week high of $30.46.

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

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup boosted their price objective on shares of Carnival from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Wednesday. Bank of America upped their price target on shares of Carnival from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Hsbc Global Res upgraded shares of Carnival from a "moderate sell" rating to a "hold" rating in a research note on Friday, May 16th. Susquehanna upped their price target on shares of Carnival from $27.00 to $30.00 and gave the company a "positive" rating in a research note on Wednesday, June 25th. Finally, Tigress Financial reaffirmed a "buy" rating on shares of Carnival in a report on Wednesday, March 26th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Carnival has a consensus rating of "Moderate Buy" and an average target price of $29.06.

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.