Friedenthal Financial Sells 31,026 Shares of Carnival Corporation (NYSE:CCL)

Friedenthal Financial lessened its holdings in Carnival Corporation (NYSE:CCL - Free Report) by 95.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,531 shares of the company's stock after selling 31,026 shares during the quarter. Friedenthal Financial's holdings in Carnival were worth $30,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in Carnival by 186.6% during the fourth quarter. FMR LLC now owns 9,898,906 shares of the company's stock worth $246,681,000 after purchasing an additional 6,444,444 shares during the period. Nuveen Asset Management LLC lifted its position in Carnival by 33.7% during the fourth quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company's stock worth $569,423,000 after purchasing an additional 5,761,489 shares during the period. Vanguard Group Inc. lifted its position in Carnival by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company's stock worth $2,918,022,000 after purchasing an additional 4,458,329 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in Carnival during the fourth quarter worth about $100,845,000. Finally, AQR Capital Management LLC lifted its position in Carnival by 228.8% during the fourth quarter. AQR Capital Management LLC now owns 4,689,305 shares of the company's stock worth $116,857,000 after purchasing an additional 3,263,204 shares during the period. Institutional investors own 67.19% of the company's stock.

Carnival Stock Performance

Carnival stock opened at $23.61 on Friday. The business has a 50 day moving average of $21.33 and a 200-day moving average of $22.88. Carnival Corporation has a 1 year low of $13.78 and a 1 year 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. The company has a market capitalization of $27.54 billion, a P/E ratio of 15.74, a P/E/G ratio of 0.55 and a beta of 2.58.

Carnival (NYSE:CCL - Get Free Report) last released 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. Carnival had a return on equity of 26.53% and a net margin of 8.07%. The company had revenue of $5.81 billion during the quarter, compared to the consensus estimate of $5.74 billion. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. The firm's revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Carnival Corporation will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Carnival from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Stifel Nicolaus upped their price objective on shares of Carnival from $31.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Barclays reaffirmed an "overweight" rating and set a $30.00 price objective (up previously from $26.00) on shares of Carnival in a research report on Tuesday. Northcoast Research initiated coverage on Carnival in a research note on Friday, April 25th. They set a "neutral" rating for the company. Finally, Mizuho boosted their target price on Carnival from $32.00 to $33.00 and gave the stock an "outperform" rating in a research note on Monday, March 24th. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.79.

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.

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