Cwm LLC Boosts Holdings in Carnival Corporation (NYSE:CCL)

CWM LLC raised its holdings in shares of Carnival Corporation (NYSE:CCL - Free Report) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,915 shares of the company's stock after acquiring an additional 11,952 shares during the quarter. CWM LLC's holdings in Carnival were worth $2,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position 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 valued at $2,918,022,000 after purchasing an additional 4,458,329 shares during the period. Geode Capital Management LLC raised its position in shares of Carnival by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company's stock valued at $627,053,000 after purchasing an additional 1,201,256 shares during the period. Nuveen Asset Management LLC raised its position 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 valued at $569,423,000 after purchasing an additional 5,761,489 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Carnival by 4.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company's stock valued at $464,747,000 after purchasing an additional 877,694 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Carnival by 17.7% during the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company's stock valued at $450,977,000 after purchasing an additional 2,720,096 shares during the period. Hedge funds and other institutional investors own 67.19% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CCL. Morgan Stanley raised their price objective on shares of Carnival from $21.00 to $24.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Citigroup lifted their price target on shares of Carnival from $30.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday. Loop Capital reiterated a "hold" rating and issued a $22.00 price target on shares of Carnival in a report on Monday, June 23rd. 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 on the stock. Finally, Hsbc Global Res upgraded shares of Carnival from a "moderate sell" rating to a "hold" rating in a report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Carnival currently has a consensus rating of "Moderate Buy" and an average price target of $29.06.

Carnival Trading Up 0.4%

Carnival stock traded up $0.11 during trading hours on Friday, hitting $29.56. The company had a trading volume of 17,141,998 shares, compared to its average volume of 25,128,432. The firm has a market cap of $34.51 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.65 and a beta of 2.61. 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 1 year low of $13.78 and a 1 year high of $30.46. The company has a 50-day moving average price of $25.30 and a two-hundred day moving average price of $23.21.

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, beating the consensus estimate of $0.24 by $0.11. The company had revenue of $6.33 billion during the quarter, compared to analysts' expectations of $6.20 billion. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. On average, sell-side analysts anticipate that Carnival Corporation will post 1.77 earnings per share for the current year.

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.