Diversified Trust Co Grows Holdings in Carnival Corporation (NYSE:CCL)

Diversified Trust Co raised its position in Carnival Corporation (NYSE:CCL - Free Report) by 52.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,265 shares of the company's stock after purchasing an additional 28,227 shares during the period. Diversified Trust Co's holdings in Carnival were worth $1,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new position in Carnival in the 4th quarter valued at about $29,000. Orion Capital Management LLC purchased a new position in shares of Carnival during the 4th quarter worth about $30,000. Millstone Evans Group LLC purchased a new position in shares of Carnival during the 4th quarter worth about $34,000. 1620 Investment Advisors Inc. purchased a new position in shares of Carnival during the 4th quarter worth about $42,000. Finally, Wealthquest Corp purchased a new position in shares of Carnival during the 1st quarter worth about $36,000. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

Carnival Stock Up 4.4%

Shares of NYSE:CCL opened at $27.31 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.34 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 $28.72. The company has a 50 day moving average of $22.24 and a two-hundred day moving average of $22.84. The company has a market capitalization of $31.86 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.57 and a beta of 2.58.

Carnival (NYSE:CCL - Get Free Report) last issued 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. Carnival had a net margin of 9.72% and a return on equity of 27.88%. The company had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter last year, the company earned $0.11 earnings per share. Carnival's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts forecast that Carnival Corporation will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CCL has been the topic of several recent analyst reports. Susquehanna increased their price objective on shares of Carnival from $27.00 to $30.00 and gave the stock a "positive" rating in a report on Wednesday. Morgan Stanley increased their price objective on shares of Carnival from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday. Bank of America increased their price objective on shares of Carnival from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday. Northcoast Research initiated coverage on shares of Carnival in a report on Friday, April 25th. They set a "neutral" rating 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. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $28.53.

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.

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