Czech National Bank Raises Stake in Carnival Co. & plc (NYSE:CCL)

Czech National Bank increased its position in Carnival Co. & plc (NYSE:CCL - Free Report) by 6.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 240,659 shares of the company's stock after acquiring an additional 15,397 shares during the period. Czech National Bank's holdings in Carnival Co. & were worth $4,700,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund boosted its holdings in Carnival Co. & by 153.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 336,502 shares of the company's stock worth $8,386,000 after buying an additional 203,710 shares during the period. Private Advisor Group LLC boosted its stake in shares of Carnival Co. & by 26.6% during the fourth 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 in the last quarter. Convergence Investment Partners LLC boosted its stake in Carnival Co. & by 54.4% in the fourth quarter. Convergence Investment Partners LLC now owns 40,202 shares of the company's stock valued at $1,002,000 after acquiring an additional 14,165 shares in the last quarter. Norges Bank purchased a new position in shares of Carnival Co. & in the fourth quarter worth $59,486,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Carnival Co. & by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,249,810 shares of the company's stock worth $155,745,000 after buying an additional 223,195 shares during the last quarter. Institutional investors own 67.19% of the company's stock.

Carnival Co. & Stock Up 0.8%

Shares of NYSE CCL traded up $0.19 during mid-day trading on Thursday, reaching $24.02. The company had a trading volume of 23,972,723 shares, compared to its average volume of 25,485,584. The stock has a market cap of $28.02 billion, a P/E ratio of 17.28, a PEG ratio of 0.73 and a beta of 2.58. The firm has a 50 day simple moving average of $20.10 and a two-hundred day simple moving average of $22.99. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & plc has a 52-week low of $13.78 and a 52-week high of $28.72.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CCL. Hsbc Global Res upgraded shares of Carnival Co. & from a "moderate sell" rating to a "hold" rating in a research report on Friday, May 16th. William Blair reissued an "outperform" rating on shares of Carnival Co. & in a research note on Monday, March 10th. Morgan Stanley raised shares of Carnival Co. & from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $25.00 to $21.00 in a research note on Thursday, April 10th. Barclays decreased their target price on shares of Carnival Co. & from $32.00 to $26.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus upped their price objective on shares of Carnival Co. & from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Monday, March 24th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.47.

Carnival Co. & 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.